Ripple and Bitso launch MXNB stablecoin on XRP Ledger

Financial technology firm Ripple and Latin American payments provider Bitso have expanded their partnership to launch a new stablecoin settlement system designed for cross-border payments between the United States and Mexico. The system, announced on June 11, 2026, integrates Bitso's regulated Mexican peso-backed stablecoin, MXNB, onto the XRP Ledger (XRPL) and pairs it with Ripple's dollar-backed stablecoin, RLUSD.

The collaboration aims to create a direct on-chain bridge between the U.S. dollar and the Mexican peso for enterprise-level transactions. By using the two stablecoins together, the system is intended to allow businesses and financial institutions to settle payments nearly instantly without relying on traditional correspondent banking networks. The focus is on improving efficiency, reducing costs, and enhancing transparency for institutional payment flows across one of the world's busiest remittance corridors.

MXNB will be issued natively on the XRP Ledger and integrated into Ripple's Payments on Decentralized Exchange (DEX) infrastructure. This system is part of XRPL's Permissioned DEX, a framework built for verified institutional users requiring compliance controls...