Ripple and Bitso Unleash MXNB on XRPL to Transform a $65B U.S.-Mexico Payments Corridor

1 month ago 13

Rommie Analytics

Key Takeaways:

  • Ripple is strengthening its collaboration with Bitso by launching the first regulated stablecoin on the XRP Ledger, MXNB, backed by the Mexican peso.
  • For enterprise settlements, MXNB and RLUSD will be offering regulated liquidity in MXN and USD on XRPL’s Permissioned DEX.
  • The transfer promotes Ripple’s bid to become a key component of the actual world cross-border payments in Latin America, driven by stablecoins.