Ripple and Bitso are expanding their long running payments partnership with a new stablecoin push focused on the US Mexico corridor.

Bitso’s Mexican peso backed stablecoin, MXNB, will be issued on the XRP Ledger and integrated into Ripple’s Payments on DEX infrastructure. The token will be used alongside Ripple USD, Ripple’s dollar backed stablecoin, to support cross border liquidity and settlement between dollars and pesos.

The move builds on years of payment work between the two companies across Latin America, including MXN and COP payout flows. Bitso was also an early exchange partner for RLUSD, helping Ripple expand access to dollar denominated liquidity in the region.

MXNB will be integrated into XRPL’s Permissioned DEX, which is designed to let verified counterparties access onchain liquidity in a regulated environment.

The expansion gives Ripple a peso backed settlement asset for one of the world’s largest remittance corridors, while giving Bitso’s stablecoin a bigger role in enterprise payment flows across Latin America.