5 articles tagged with #bitso. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.
Ripple has expanded its partnership with Bitso by deploying the MXNB stablecoin on the XRP Ledger, enabling integration with RLUSD to facilitate dollar-peso liquidity pairs. This initiative targets institutional users through XRPL's Permissioned DEX and strengthens Ripple's enterprise payment infrastructure across Latin America.
Ripple has integrated Bitso's Mexican peso stablecoin (MXNB) onto the XRP Ledger and its enterprise payment network, expanding its payments infrastructure across Latin America. This move strengthens Ripple's position in the region by enabling faster, more efficient cross-border transactions denominated in fiat currency.
Ripple and Bitso have launched a peso-backed stablecoin on the XRP Ledger to facilitate cross-border payments between the US and Mexico. This development aims to streamline remittances while improving financial inclusion and regulatory compliance in the region.
Stablecoins have overtaken Bitcoin as the dominant cryptocurrency purchase type in Latin America, with dollar-pegged tokens representing 40% of transactions on major exchange Bitso according to their 2025 adoption report. This shift reflects growing preference for price stability and practical utility over volatility, signaling a maturation of the regional crypto market toward transactional use cases.
Binance has discontinued its XRP/Mexican Peso trading pair, ceding dominance in the Mexican market to Ripple's partner exchange Bitso, which commands 77,879% greater trading volume. This strategic withdrawal underscores how regional partnerships and localized exchange strategies can override even the largest global platforms in specific corridors.
