Ripple and Bitso Launch MXNB Stablecoin on XRP Ledger for USD-MXN Settlement on June 9

XRP2.28%
According to Ripple, on June 9, Bitso's peso-backed stablecoin MXNB will be issued on the XRP Ledger and integrated with Ripple's RLUSD for cross-border enterprise settlement between the United States and Mexico. The stablecoins will operate on XRPL's Permissioned DEX infrastructure, designed for verified financial participants to conduct regulated, onchain liquidity flows. Bitso operates across Mexico, Brazil, Argentina, Colombia, Chile, Peru, the United States, and Europe, serving over 10 million users and 2,000 institutional clients.
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