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Ripple and Bitso bring Mexican peso-backed stablecoin to XRP Ledger

Ripple and Bitso bring Mexican peso-backed stablecoin to XRP Ledger

Ripple has added Bitso’s MXNB to the XRP Ledger and integrated it into its enterprise payments network, broadening peso-denominated settlement options for cross-border transfers.

XRP
RLUSD

Fact Check
The official Ripple press release (ripple.com) and the verified @Ripple X post both directly confirm that Ripple expanded its Bitso partnership to issue Bitso's regulated MXN-backed stablecoin MXNB on the XRP Ledger and integrate it into Ripple's Permissioned DEX / enterprise payments infrastructure alongside RLUSD, targeting U.S.-Mexico cross-border settlement. Independent reporting from crypto.news and Crypto Briefing corroborates every element of the claim. There is no conflicting evidence.
Summary

Ripple has expanded its payments infrastructure in Latin America by adding Bitso’s Mexican peso-backed stablecoin, MXNB, to the XRP Ledger and integrating the token into its enterprise payment network. The move adds regulated MXN-denominated liquidity alongside RLUSD and is aimed at improving cross-border payments, particularly U.S.-Mexico remittances. By bringing a peso-backed asset onto the ledger and into Ripple’s enterprise rails, the companies are widening compliance-focused settlement options for businesses seeking faster, lower-volatility transfers. The development also highlights broader stablecoin use on the network, where fiat-backed tokens are used to support onchain payment and settlement liquidity.

Terms & Concepts
  • stablecoin: A crypto token designed to track a reference asset, often a fiat currency.
  • XRP Ledger: A blockchain network used for issuing tokens and processing payments.
  • remittances: Money sent by individuals, typically across borders, to family or others in another country.