Ripple and Bitso are expanding their partnership to make business payments across Latin America faster and more reliable. The two companies announced that Bitso’s regulated Mexican peso stablecoin, MXNB, will now be issued on the XRP Ledger and integrated into Ripple’s Payments on DEX infrastructure. This move brings enterprise-grade stablecoin settlement to the region while combining Ripple’s USD stablecoin (RLUSD) with Bitso’s MXN-backed token.
What’s Actually Changing in This Partnership?
For years, Ripple and Bitso have worked together on cross-border payments using XRP. Now, the collaboration is evolving beyond XRP-only settlements. The key upgrade is that MXNB—the stablecoin backed 1:1 by Mexican pesos—will be issued directly on the XRP Ledger blockchain. This means MXNB and RLUSD (Ripple’s dollar-pegged stablecoin) can work together on the same network.
MXNB will also be integrated into XRPL’s Permissioned DEX, a regulated decentralized exchange specifically designed for enterprise payments. This creates what both companies call “on-chain regulated liquidity infrastructure built for cross-border corporate payments”.
Why Stablecoins Matter for Latin American Business Payments
Latin America has one of the world’s most active cross-border payment markets, especially between the U.S. and Mexico. Traditional banking systems can take days to process these payments and charge high fees. Stablecoins solve both problems.
When businesses use RLUSD and MXNB together, they can move money between dollars and pesos instantly on the blockchain. The transaction settles in seconds instead of days, and the cost is significantly lower than traditional wire transfers. For companies doing regular B2B payments across borders, this difference is huge.
Bitso has already processed $3.3 billion in remittances between the U.S. and Mexico using Ripple’s technology, proving the model works at scale. As stablecoin payment networks expand across borders, interoperability remains a critical challenge for connecting different blockchain ecosystems efficiently.
The Technology Behind the Settlement System
The partnership relies on several key components:
XRP Ledger (XRPL): The blockchain where MXNB will be issued. XRPL is known for fast transaction speeds and low costs, making it ideal for payment use cases.
Payments on DEX: Ripple’s infrastructure that enables enterprises to settle payments using stablecoins on a permissioned decentralized exchange. This isn’t a public crypto exchange—it’s designed specifically for regulated business transactions.
RLUSD + MXNB Combo: Ripple’s USD stablecoin and Bitso’s MXN stablecoin together create a dual-liquidity system. Businesses can hold and transfer either currency, converting between them seamlessly when needed.
Real Impact: Who Benefits From This?
This partnership is primarily built for enterprise clients, not individual crypto traders. The main beneficiaries include:
- Mid-market and enterprise businesses in Mexico that hold stablecoins and need simpler ways to fund operations without repatriating capital through traditional banks
- Companies operating across the U.S.-Mexico corridor that process regular B2B payments and want faster settlement times
- Payout partners across Latin America that need compliant, regulated liquidity for cross-border flows
Bitso Business, the B2B division of Bitso, is positioned as a key distribution and payout partner for RLUSD throughout the region. This means they’ll help other companies access and use Ripple’s dollar stablecoin for their payment needs.
A Long History Between the Two Companies
This isn’t a new relationship. Ripple invested in Bitso in 2019, making it one of Ripple’s primary On-Demand Liquidity (ODL) partners in Latin America. The investment included Ripple’s Senior Vice President of Product joining Bitso’s board of directors to support expansion into Brazil and Argentina.
Since then, the partnership has consistently delivered results. In 2022 alone, Bitso processed $3.3 billion in remittances using XRP and stablecoins as bridge assets. The companies have been working toward friction-free cross-border exchange across Latin America for over five years.
What This Means for the Future of Crypto Payments
The Ripple-Bitso expansion signals a broader shift in how stablecoins will be used. Instead of just being trading assets or speculative investments, stablecoins are becoming practical infrastructure for real business payments.
The focus on regulated, permissioned infrastructure (like XRPL’s Permissioned DEX) shows that enterprise adoption requires compliance and oversight. This isn’t about bypassing regulations—it’s about building payment systems that work within them while delivering better speed and cost efficiency.
As demand for compliant stablecoins grows across U.S.-LATAM corridors, Bitso’s role as a distribution partner becomes increasingly important. The company is positioning itself to serve the “next era of innovation in global payments”.
Looking Ahead: Regional Expansion Possibilities
While the initial focus is the U.S.-Mexico corridor, Bitso has previously mentioned looking at other popular routes like Brazil-Argentina and Colombia-Brazil. The dual-stablecoin infrastructure (RLUSD + MXNB) could eventually support similar settlement flows in other LATAM markets as regulatory frameworks develop.
The partnership also aligns with broader trends in corporate spend management. Earlier in 2025, Bitso Business partnered with Clara to launch stablecoin-backed corporate cards, showing that the infrastructure is being built for multiple use cases beyond simple transfers.
Bottom line: Ripple and Bitso aren’t just announcing another crypto partnership—they’re building practical payment infrastructure that businesses can actually use today. By combining regulated USD and MXN liquidity on a fast, low-cost blockchain, they’re making cross-border payments in Lati
