- Ripple and Bitso expanded their partnership to boost cross-border settlements and remittances across the US and LATAM.
- It also unlocks MXNB’s integration into the XRPL to deepen its liquidity.
Ripple, the world’s leading blockchain solutions provider for institutions, announced it has expanded its partnership with Bitso, a top digital asset services and crypto platform in Latin America (LATAM). The move also amplifies the range of MXNB, a stablecoin pegged 1:1 with the Mexican peso (MXN).
The Expanded Partnership Between Ripple and Bitso
The partnership marks the deeper integration of the XRP Ledger (XRPL) into Bitso’s infrastructure. It benefits from the XRP ecosystem’s deep liquidity, with a market cap of over $70 billion at prevailing rates.
The collaboration primarily incorporates MXNB into XRPL’s permissioned decentralized exchange (DEX), enabling verified counterparties to access liquidity and settlement infrastructure across a regulatory-compliant rail.
“By bringing together Ripple USD (RLUSD) and MXNB on the XRPL Permissioned DEX, we’re helping create regulated, onchain liquidity infrastructure purpose-built for enterprise cross-border payments,” said Silvio Pegado, Managing Director of LATAM at Ripple. “This is the next evolution of how value moves between dollars and pesos.”
Bitso officially launched the MXNB in May 2025. Juno, the exchange’s subsidiary, issues the asset, which is fully backed by fiat reserves at a 1:1 ratio.
MXNB holds a market cap of over $2.46 million, per RWA.xyz data. It has a monthly transfer volume exceeding $164.63 million.
Before the XRPL integration, the stablecoin was supported by four chains. Arbitrum (ARB) holds the largest share of its token supply, accounting for around $1.39 million in value. Additionally, Avalanche (AVAX) controls $875.5K of its float, while the remainder is held on Polygon (POL) and Ethereum (ETH).
Bitso is also one of Ripple’s earliest exchange partners for the RLUSD. It processes billions of cross-border settlements and remittances using the token between the US and LATAM.
RLUSD emerged as a preferred medium for cross-border transactions across the US and LATAM due to the lesser volatility of its anchored currency, the US dollar, compared to the MXNB’s reference to the Mexican peso.
Ripple’s stablecoin currently has a market cap of $1.65 billion, with a monthly transfer volume of approximately $18.16 billion. Its value flows across XRPL and Ethereum almost equally.
How It All Began
Ripple and Bitso’s partnership goes way back to 2019. The two initially forged a collaboration to enhance the Mexico-based crypto exchange’s regulated MXN and Colombian peso (COP) payouts across more than 750,000 users.
Fast-forward to 2026, Bitso’s user base has exceeded 10 million and now serves over 2,000 institutional clients. It provides customers access to more than 200 digital assets, 5,000 international stocks and exchange-traded funds (ETFs), and 300 perpetual markets.
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