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Bitso will issue its Mexican peso-backed stablecoin MXNB on the XRP Ledger through an expanded partnership with Ripple, adding peso-denominated liquidity to Ripple’s enterprise payments network.
The move targets the U.S.-Mexico payment corridor, where Ripple and Bitso are using stablecoins and on-chain liquidity to support faster dollar and peso settlement for institutional clients.
MXNB Joins Ripple’s Payment DEX
MXNB will be integrated into Ripple’s Payments on Decentralized Exchange infrastructure. The token will sit alongside Ripple USD, or RLUSD, Ripple’s dollar-backed stablecoin, to support cross-border settlement between dollars and pesos.
Ripple said MXNB will also be part of the XRP Ledger’s Permissioned DEX, which is built for verified counterparties that need on-chain liquidity inside a controlled settlement environment.
Permissioned DEX Targets Verified Firms
The setup is aimed at banks, payment firms and enterprise clients, not open retail trading. It gives counterparties a way to use tokenized peso liquidity without relying only on correspondent banking routes.
That makes MXNB part of Ripple’s broader push to connect fiat-backed stablecoins with enterprise payment infrastructure.
MXNB Keeps 1:1 Peso Backing
MXNB is issued by Juno, a Bitso company, and is pegged 1:1 to the Mexican peso. Bitso says the token is backed by Mexican pesos and cash equivalents held in regulated institutions.
The stablecoin already supports minting through SPEI deposits and redemption back into pesos through local payouts.
XRP Ledger Adds Fourth MXNB Network
Bitso also lists Arbitrum, Ethereum and Avalanche as supported networks for MXNB transactions. Adding XRP Ledger gives Bitso another network for institutional settlement.
It also places MXNB closer to Ripple’s payments clients, where the asset can be used as a peso leg for treasury, remittance and business payment flows.
Bitso Cites 10M Users and 2,000 Clients
Ripple and Bitso have worked together for years across Latin American payment corridors, including Mexican peso and Colombian peso payout flows. Bitso was also an early exchange partner for RLUSD.
Bitso says it serves more than 10 million users and more than 2,000 institutional clients. The company operates in Mexico, Brazil, Argentina, Colombia, Chile, Peru, the United States and Europe.
The integration gives Ripple’s payment clients a peso-denominated stablecoin option for treasury, remittance and business payment flows.
