SAN FRANCISCO — June 12, 2026
Executive Summary
Ripple has expanded its long-standing partnership with Bitso to advance enterprise-grade stablecoin settlement across the U.S.–Mexico cross-border payments corridor. As part of the collaboration, Bitso’s MXN-backed stablecoin, MXNB, will be issued on the XRP Ledger (XRPL) and integrated into Ripple’s evolving Payments on Decentralized Exchange (DEX) infrastructure. Together with RLUSD, Ripple’s enterprise-grade USD stablecoin, the initiative is designed to support more efficient liquidity management, regulated settlement infrastructure, and enterprise cross-border payment flows between dollars and pesos.
Announcement Overview
Ripple and Bitso have announced the next phase of their long-standing payments collaboration by bringing MXNB onto the XRP Ledger and integrating it with Ripple’s Permissioned DEX infrastructure. The initiative combines MXNB, a regulated Mexican peso-backed stablecoin, with RLUSD, Ripple’s enterprise-grade U.S. dollar stablecoin, to enhance enterprise settlement capabilities across one of the world’s largest remittance corridors. The expansion builds on years of cooperation between the companies supporting regional payment infrastructure and reflects a broader focus on connecting traditional financial systems with regulated digital asset liquidity for institutional cross-border transactions.
Key Announcement Details
- Announcement Type: Partnership Expansion
- Companies Involved: Ripple and Bitso
- Industry: Blockchain Infrastructure, Digital Assets, Cross-Border Payments
- Partnership Focus: Enterprise Stablecoin Settlement
- Primary Objective: Advance enterprise-grade cross-border settlement across the U.S.–Mexico payments corridor
- Stablecoin Introduced: MXNB
- Stablecoin Issuer: Bitso
- Stablecoin Type: Regulated Mexican Peso-Backed Stablecoin
- Blockchain Network: XRP Ledger (XRPL)
- Infrastructure Integration: Ripple Payments on Decentralized Exchange (DEX)
- DEX Environment: XRPL Permissioned DEX
- Additional Settlement Asset: RLUSD
- RLUSD Description: Ripple’s enterprise-grade U.S. dollar stablecoin
- Target Users: Enterprise payment providers, financial institutions and institutional counterparties
- Primary Use Case: Cross-border payment settlement
- Settlement Corridor: United States–Mexico
- Liquidity Type: Onchain peso-denominated and dollar-denominated liquidity
- Infrastructure Purpose: Regulated liquidity access and settlement efficiency
- Permissioned DEX Function: Enables verified counterparties to access onchain liquidity and settlement infrastructure
- Compliance Focus: Regulated financial activity and operational certainty
- Strategic Benefit: More efficient liquidity and settlement flows
- Regional Coverage: Latin America
- Existing Partnership Scope: MXN and COP payout corridors
- Relationship Status: Long-standing payments partnership
- Expansion Phase: Integration of MXNB into XRPL and Payments on DEX infrastructure
- Ripple LATAM Executive: Silvio Pegado, Managing Director of LATAM
- Bitso Executive: Ben Reid, Head of Stablecoins at Bitso Business
- Bitso Business Positioning: Latin America’s largest stablecoin payments platform
- Bitso Business Annualized TPV: $82B+
- Institutional Client Base: More than 2,000 clients
- Bitso Consumer User Base: More than 10 million users
- Ripple Strategic Focus: Connecting traditional payment infrastructure with digital asset liquidity
- Bitso Strategic Focus: Enterprise settlement and locally native stablecoin infrastructure
- Announcement Date: June 12, 2026
Ripple and Bitso Expand Partnership
Ripple announced the expansion of its long-standing payments partnership with Bitso, one of Latin America’s largest digital financial services companies.
The expansion introduces a new phase of collaboration focused on:
- Enterprise cross-border payments
- Stablecoin-powered settlement infrastructure
- Onchain liquidity access
- Institutional payment flows
- Regulated digital asset infrastructure
- U.S.–Mexico payment corridor efficiency
According to the announcement, the collaboration extends an existing relationship that has supported payment infrastructure across major Latin American corridors, including:
- MXN payout flows
- COP payout flows
- Cross-border payment connectivity
- Institutional settlement operations
The latest expansion centers on bringing localized stablecoin settlement infrastructure to one of the world’s most significant remittance markets.
MXNB to Be Issued on the XRP Ledger
As part of the expanded collaboration, MXNB, Bitso’s regulated Mexican peso-backed stablecoin, will be issued on the XRP Ledger (XRPL).
Key elements of the integration include:
- MXNB issuance on XRPL
- Integration into Ripple’s Payments on DEX infrastructure
- Enterprise settlement support
- Peso-denominated liquidity availability
- Cross-border transaction optimization
- Institutional-grade payment functionality
The initiative is intended to create a stronger connection between traditional payment infrastructure and blockchain-based settlement networks.
According to the companies, the integration enhances the availability of regulated digital liquidity for enterprise payment use cases while supporting operational requirements associated with institutional settlement activities.
RLUSD and MXNB to Support Enterprise Settlement Flows
The collaboration combines two regulated stablecoin assets designed for enterprise financial operations.
These include:
- RLUSD – Ripple’s enterprise-grade U.S. dollar stablecoin
- MXNB – Bitso’s regulated Mexican peso-backed stablecoin
Together, the assets are expected to support:
- Cross-border settlement
- Enterprise liquidity management
- Dollar-to-peso payment flows
- Institutional transaction efficiency
- Regulated payment operations
- Onchain financial infrastructure
According to Ripple, the combination of RLUSD and MXNB within the XRPL ecosystem supports more efficient liquidity and settlement flows across the U.S.–Mexico corridor.
The initiative is focused on enterprise-grade payment operations rather than consumer-facing remittance services.
Payments on DEX Infrastructure
The partnership expansion includes integration with Ripple’s evolving Payments on Decentralized Exchange (DEX) infrastructure.
The Payments on DEX framework is intended to support:
- Enterprise settlement operations
- Regulated liquidity access
- Institutional counterparties
- Onchain transaction execution
- Operational efficiency
- Cross-border payment infrastructure
The companies stated that this represents the next stage of their collaboration and reflects broader developments within enterprise blockchain payments infrastructure.
The initiative also aligns with increasing demand for regulated settlement mechanisms that combine blockchain efficiency with institutional operational requirements.
MXNB Integration Into XRPL Permissioned DEX
A central component of the announcement is the integration of MXNB into the XRPL Permissioned DEX.
According to the companies, the Permissioned DEX is designed to support regulated financial activity by enabling verified counterparties to access liquidity and settlement infrastructure within a more compliant operational environment.
Key characteristics highlighted in the announcement include:
- Verified counterparty participation
- Regulated financial activity support
- Onchain liquidity access
- Settlement infrastructure efficiency
- Enterprise-focused design
- Operational compliance capabilities
The Permissioned DEX framework is intended to provide financial institutions and enterprise payment providers with access to blockchain-based settlement infrastructure while maintaining regulatory and operational standards.
Leadership Statements
Silvio Pegado, Managing Director of LATAM at Ripple, said:
“Ripple and Bitso have spent years building payment infrastructure that operates at real-world scale across Latin America. 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. This is the next evolution of how value moves between dollars and pesos.”
Ripple stated that the integration of RLUSD and MXNB is intended to help create regulated liquidity infrastructure specifically designed for institutional cross-border payment activity.
Ben Reid, Head of Stablecoins at Bitso Business, said:
“MXNB was built from the ground up for enterprise settlement. Regulated, peso-native, and designed for the operational demands of institutional cross-border payments. Its integration into Ripple’s Permissioned DEX infrastructure on the U.S.–Mexico corridor gives institutional counterparties something new: access to peso-denominated liquidity onchain, with the compliance certainty and settlement efficiency that enterprise use cases require.”
According to Bitso, MXNB was specifically developed to support enterprise settlement requirements and institutional payment operations.
Enterprise Blockchain Payments Infrastructure in Latin America
The companies stated that the partnership has continued to evolve alongside broader developments in enterprise blockchain payments infrastructure across Latin America.
Areas of cooperation have included:
- Regional payment connectivity
- Cross-border settlement infrastructure
- Institutional liquidity access
- Digital asset payment capabilities
- Stablecoin-powered payment operations
According to the announcement, the latest expansion further strengthens the companies’ focus on enterprise financial infrastructure supporting cross-border payment activity throughout the region.
The integration also reflects ongoing efforts to improve access to localized liquidity solutions for institutional participants operating across multiple jurisdictions.
Ripple’s Broader Infrastructure Strategy
According to the announcement, the collaboration aligns with Ripple’s broader strategy of connecting traditional financial infrastructure with digital asset liquidity.
The company stated that its focus includes:
- Enterprise blockchain solutions
- Cross-border payment infrastructure
- Institutional liquidity networks
- Digital asset settlement
- Treasury management capabilities
- Asset tokenization infrastructure
Ripple indicated that practical operational use cases remain central to its approach toward enterprise blockchain adoption.
The company noted that regulated liquidity solutions are increasingly important for financial institutions and enterprise payment providers seeking scalable settlement infrastructure.
Bitso’s Stablecoin Infrastructure Expansion
The integration also positions MXNB within a growing category of locally native stablecoin infrastructure designed for enterprise payment and settlement use cases.
According to Bitso, MXNB supports:
- Peso-denominated liquidity
- Institutional settlement operations
- Cross-border payment activity
- Enterprise financial infrastructure
- Regulated digital asset transactions
The company stated that the stablecoin was designed specifically for operational demands associated with enterprise-level financial activity.
The latest integration expands MXNB’s role within broader institutional payment ecosystems and regulated blockchain-based settlement networks.
About Ripple
Ripple is a provider of blockchain-based enterprise solutions across traditional and digital finance. The company delivers solutions designed to support faster, more transparent, and cost-effective financial operations.
Ripple’s customer base includes:
- Financial institutions
- Payment providers
- Digital asset exchanges
- Corporate enterprises
The company supports:
- Cross-border payments
- Treasury management
- Global liquidity
- Asset tokenization
Ripple’s infrastructure is connected to the XRP Ledger and a decentralized network spanning more than 80 countries.
About Bitso
Bitso is a digital financial services company serving more than 10 million users across Latin America.
The company combines:
- Blockchain technology
- Artificial intelligence
- Real-time payment rails
- Regulated financial infrastructure
Through its consumer platform, Bitso provides access to:
- More than 200 digital assets
- More than 5,000 global stocks and ETFs
Its institutional division, Bitso Business, operates as one of Latin America’s largest stablecoin payments platforms and serves more than 2,000 institutional clients.
Founded in 2014, Bitso has more than 600 employees across 35 countries, with direct operations in:
- Mexico
- Brazil
- Argentina
- Colombia
The company also maintains institutional connectivity across:
- United States
- Europe
- Chile
- Peru
