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Bitso expands cooperation with Ripple, launches peso-pegged stablecoin MXNB on XRP Ledger

Bitso will issue the Mexican peso-pegged stablecoin MXNB on the XRP Ledger and use it with Ripple’s RLUSD stablecoin for corporate cross-border settlement between the United States and Mexico. The move extends the companies’ payments cooperation in Latin America onto an XRP Ledger-based framework. MXNB will link to Ripple DEX-based payments infrastructure and integrate with a permissioned XRP Ledger DEX accessible only to verified participants.