Ripple expands partnership with Bitso
12 June 2026 US, Mexico
Image: AKACHA/stock.adobe.com
Ripple, a provider of blockchain-based enterprise solutions, has expanded its payments partnership with Bitso, a LatAm digital financial services firm.
The collaboration will see MXNB, Bitso’s Mexican peso-pegged stablecoin, issued on the XRP Ledger (XRPL), Ripple’s decentralised layer-1 blockchain, supporting liquidity and settlement flows for enterprise cross-border payments across the US and Mexico.
MXNB will also be integrated into Ripple’s payments on Decentralised Exchange (DEX) infrastructure and XRPL’s Permissioned DEX, intended to support regulated financial activity by enabling counterparties to access compliant onchain liquidity and settlement infrastructure.
Ripple says the collaboration is indicative of its broader strategy to connect TradFi payment rails with digital asset liquidity in “operationally practical” ways for financial institutions and enterprise payment providers.
Speaking on the partnership, Silvio Pegado, Ripple’s managing director of LATAM, says: “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.”
Ben Reid, head of stablecoins at Bitso Business, believes that the integration of MXNB into Ripple’s Permissioned DEX infrastructure “gives institutional counterparties something new: access to peso-denominated liquidity onchain, with the compliance certainty and settlement efficiency that enterprise use cases require”.
The collaboration will see MXNB, Bitso’s Mexican peso-pegged stablecoin, issued on the XRP Ledger (XRPL), Ripple’s decentralised layer-1 blockchain, supporting liquidity and settlement flows for enterprise cross-border payments across the US and Mexico.
MXNB will also be integrated into Ripple’s payments on Decentralised Exchange (DEX) infrastructure and XRPL’s Permissioned DEX, intended to support regulated financial activity by enabling counterparties to access compliant onchain liquidity and settlement infrastructure.
Ripple says the collaboration is indicative of its broader strategy to connect TradFi payment rails with digital asset liquidity in “operationally practical” ways for financial institutions and enterprise payment providers.
Speaking on the partnership, Silvio Pegado, Ripple’s managing director of LATAM, says: “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.”
Ben Reid, head of stablecoins at Bitso Business, believes that the integration of MXNB into Ripple’s Permissioned DEX infrastructure “gives institutional counterparties something new: access to peso-denominated liquidity onchain, with the compliance certainty and settlement efficiency that enterprise use cases require”.
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