Ripple said Bitso’s peso-backed stablecoin MXNB will launch on XRPL and connect to its permissioned DEX infrastructure, aiming at the $67 billion U.S.-Mexico payments corridor and broader enterprise settlement use cases.
XRP rebounded from the $1.10 area to trade near $1.15, with rising volume, zero ETF outflows, and fresh XRPL developments keeping the $1.20 level in focus.
Ripple expands its Latin American payments infrastructure by issuing MXNB, a Mexican peso-backed stablecoin from Bitso, on the XRP Ledger. The asset joins RLUSD to facilitate regulated cross-border settlements between the U.S. and Mexico, while XRPL integrates AI-driven payment capabilities.
Ripple has launched XRPL AI Starter Kit for AI-agent payments using XRP and RLUSD, but USDC still accounts for most activity on the x402 machine-payment network.
Jake Claver said BlackRock could eventually pursue an XRP ETF as institutional interest in the XRP Ledger grows. XRPL Commons also said firms including BlackRock, Mastercard, and Franklin Templeton are exploring the network.
XRP climbed 3.3% in 24 hours to $1.1442, breaking above $1.1220 on volume more than 160% above average. Traders are now watching whether $1.14 holds as support and if the token can challenge the key $1.20-$1.25 resistance area.
Ripple and Bitso are extending their payments partnership by bringing MXNB, Bitso’s Mexican peso-backed stablecoin, onto XRPL and into its permissioned DEX for regulated enterprise settlement across the U.S.-Mexico corridor.
Ripple has taken an equity stake in Flutterwave at a $3.3 billion valuation, adding a major African payments network to its infrastructure push across emerging markets.
