Ripple and Bitso Expand Stablecoin Settlement in LATAM
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Ripple and Bitso added Bitso's Mexican peso-backed stablecoin MXNB to the XRP Ledger and integrated MXNB alongside Ripple's USD stablecoin RLUSD into Payments on DEX to speed regulated cross-border settlement on the U.S.–Mexico corridor. The integration gives financial institutions on-chain peso liquidity, advances regulated stablecoin adoption and DEX payment infrastructure on XRPL, and is likely to improve crypto payment speeds and liquidity for Latin American remittances.
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- Ripple and Bitso add MXNB stablecoin to XRPL to support faster Latin America payments.
- MXNB and RLUSD integration aims to improve regulated cross-border settlement in U.S.–Mexico corridor.
- Institutions gain on-chain peso liquidity as Ripple expands its regulated payment infrastructure.
Ripple and Bitso are adding Bitso’s Mexican peso-backed stablecoin, MXNB, to the XRP Ledger as they expand their cross-border payments network in Latin America.
The integration will plug MXNB into Ripple’s Payments on DEX system, alongside RLUSD, its U.S. dollar-backed stablecoin. In a statement, the companies said the setup is aimed at making cross-border transfers faster and more efficient, especially along the U.S.–Mexico corridor, which handles a large share of regional remittances.
The move comes as more financial institutions explore regulated stablecoins for interna…
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