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Bitso has deployed its Mexican peso-backed stablecoin, MXNB, on the XRP Ledger through a partnership with Ripple, pairing it with RLUSD to settle institutional payment flows between the United States and Mexico.
The arrangement puts two fiat-referenced tokens on a single ledger, giving institutional counterparties a path to move value across the corridor without routing through the correspondent banking stack.
The move fits a wider pattern of stablecoin adoption accelerating across Latin America.
How the On-Chain Pairing Works The structure pairs MXNB — a token pegged to the Mexican peso — with RLUSD on the XRP Ledger, creating a venue where institutions can transact across both currencies in the same settlement environment.
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