Headline: Ripple brings Bitso’s Mexican-peso stablecoin to XRPL, bolstering regulated on‑chain payments between the U.S. and Mexico
Ripple has expanded its Latin American payments footprint by adding Bitso’s Mexican peso–backed stablecoin, MXNB, to the XRP Ledger (XRPL) and integrating the token into its enterprise Payments on Decentralized Exchange (DEX) infrastructure, the company announced June 11.
The move builds on Ripple’s partnership with Latin American fintech Bitso and places MXNB alongside Ripple USD (RLUSD) as regulated settlement assets on XRPL. Together, the stablecoins will support on‑chain liquidity and settlement for enterprise cross‑border transactions between the United States and Mexico — intended to speed and streamline regulated payment flows while keeping compliance front and center.
MXNB will be available on XRPL’s Permissioned DEX, a trading environment restricted to verified participants. Ripple says this setup lets approved counterparties access on‑chain liquidity and settlement services within a compliance‑focused framework — part of a series of institutional upgrades rolled out earlier this year and recently ratified by XRPL validators.
“By bringing together RLUSD and MXNB on the XRPL Permissioned DEX, we’re helping create regulated, onchain liquidity infrastructure purpose‑built for enterprise cross‑border payments,” said Silvio Pegado, Ripple’s Managing Director for Latin America. An XRPL validator, Vet, also welcomed the addition on X, noting MXNB will trade alongside RLUSD and reinforce institutional liquidity on the network.
The MXNB launch comes as Ripple continues to layer payment, tokenization and AI capabilities onto XRPL. Earlier this week the company released an AI Starter Kit to help developers build agent‑based payment apps, and XRPL has been updated to support the X402 protocol so AI agents can transact using XRP and RLUSD.
RLUSD’s enterprise use has also been expanding beyond Ripple’s own initiatives. Mastercard recently unveiled Agent Pay for Machines, an AI payment network backed by more than 30 organizations — including Ripple, Coinbase and the Solana Foundation — that enables autonomous software agents to make payments and settlements under user‑defined rules. Mastercard has said the platform supports multiple rails, including stablecoin settlement, and has implemented 24/7 settlement capabilities using RLUSD on XRPL.
With MXNB on XRPL’s Permissioned DEX, Ripple is doubling down on a strategy to combine regulated fiat‑pegged tokens with institutional-grade ledger features — aiming to make cross‑border fiat settlement faster, more transparent and better suited to regulatory requirements.
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