Ripple and Bitso Enhance Cross-Border Payments with Stablecoins
- Ripple and Bitso are using MXNB alongside RLUSD for cross-border settlement.
- The initiative aims to improve access to regulated peso and dollar liquidity in the U.S.-Mexico corridor.
- MXNB, a peso-backed stablecoin, will be issued on the XRP Ledger and integrated with Ripple’s Payments on Decentralized Exchange infrastructure.
- Bitso supports over ten million users and more than two thousand institutional clients across multiple countries including Mexico, Brazil, and the United States.
- The collaboration is part of Ripple’s strategy to connect traditional payment systems with digital asset liquidity.
Ripple has partnered with Bitso to use stablecoins MXNB and RLUSD for enhancing cross-border payment efficiency between the U.S. and Mexico. The initiative leverages the XRP Ledger to provide regulated liquidity solutions for financial institutions.
This partnership aims to streamline enterprise-level transactions by providing a reliable liquidity path between dollars and pesos, potentially transforming how value is transferred across borders in Latin America. (Source)
