Ripple and Bitso Deepen Alliance, Bringing MXNB to XRP Ledger for $60B U.S.–Mexico Payment Flows

About $60 billion moves between the U.S. and Mexico each year via remittances and cross-border business payments, much of it still routed through correspondent banking infrastructure that has changed little since the 1970s. Ripple and Bitso said Wednesday they are expanding their long-running partnership to shift part of that traffic onto the XRP Ledger. Under the plan, Bitso's regulated Mexican peso-backed stablecoin, MXNB, will be issued on the XRP Ledger and integrated into Ripple's Payments on Decentralised Exchange infrastructure. Working alongside RLUSD, Ripple's U.S. dollar-denominated stablecoin, MXNB is intended to support settlement across one of the world's busiest cross-border payment corridors. Ripple and Bitso have previously collaborated on Latin American payment flows, including MXN and COP payout infrastructure. The new element is the settlement layer being added: MXNB will plug into the XRP Ledger's Permissioned DEX, a compliance-focused venue built for regulated financial institutions where access to on-chain liquidity is limited to verified counterparties. "MXNB was built from the ground up for enterprise settlement," said Ben Reid, Head of Stablecoins at Bitso Business. He said integrating MXNB into Ripple's Permissioned DEX for the U.S.–Mexico corridor provides institutions with peso-denominated on-chain liquidity, with the compliance and settlement performance required for enterprise use cases. Bitso said its B2B platform processes more than $82 billion in annualized transaction volume and serves over 2,000 institutional clients, positioning the rollout as production infrastructure rather than a pilot. The companies are targeting the U.S.–Mexico corridor's high-volume flows, with settlement activity now extending to the XRP Ledger.