Ripple has announced an important development concerning users in South America.<\/p>\n
The firm is expanding its partnership with Bitso to bring MXNB, Bitso\u2019s Mexican peso-backed stablecoin, to the XRP Ledger for enterprise settlement.<\/p>\n
As part of the collaboration, MXNB will be integrated<\/a> into Ripple\u2019s Payments on Decentralized Exchange infrastructure. The asset will work together with RLUSD \u2013 the firm\u2019s dollar-backed stablecoin- and will support cross-border liquidity between the US dollar and the Mexican peso.<\/p>\n It also builds on Ripple and Bitso\u2019s long-running payments relationship in Latin America, as Bitso now serves over 10 million users.<\/p>\n The main purpose of the collaboration is to make enterprise payments between the US and Mexico more efficient. MXNB is designed to give institutions peso-denominated liquidity on-chain, while RLUSD will provide the dollar side of the settlement.<\/p>\n Commenting on the matter was Silvio Pegado, Ripple\u2019s Managing Director of Latam, who said:<\/p>\n \u201cRipple and Bitso have spent years building payment infrastructure that operates at real-world scale across Latin America. [\u2026] By bringing together RLUSD and MXNB on the XRPL Permissioned DEX, we\u2019re helping create regulated, onchain liquidity infrastructure purpose-built for enterprise cross-border payments. This is the next evolution of how value moves between dollars and pesos.\u201d<\/p>\n The development also provides RLUSD with additional real-world payment context. As CryptoPotato\u00a0<\/em>reported<\/a>, Mastercard recently expanded its stablecoin strategy to include assets such as RLUSD, USDC, USDG, PYUSD, USDP, and more across networks including Ripple\u2019s XRPL, Ethereum, Solana, Base, etc.<\/p>\n That broader push shows that stablecoins are being positioned for settlement and payment infrastructure more so than just crypto trading.<\/p>\n By the way, this is a point we discussed at length in our recent interview with BitGo\u2019s COO. You can find it here<\/a>.<\/p>\n It\u2019s also worth noting that the announcement comes right as the XRPL Ledger approaches<\/a> a notable technical upgrade \u2013 version 3.2.0.<\/p>\n It\u2019s expected to reduce node memory usage by around 40%, improve network efficiency, and rebrand the core server software to \u201cxrpld.\u201d<\/p>\n The next thing to watch would be if more enterprises start using MXNB and RLUSD for live settlement flows across the US and Mexico.<\/p>\n The post Important Ripple (XRP) Announcement, June 11<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ripple has announced an important development concerning users in South America. The firm is expanding its partnership with Bitso to bring MXNB, Bitso\u2019s Mexican peso-backed stablecoin, to the XRP Ledger for enterprise settlement. As part of the collaboration, MXNB will be integrated into Ripple\u2019s Payments on Decentralized Exchange infrastructure. The asset will work together with […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-178814","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/178814"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=178814"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/178814\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=178814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=178814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=178814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Stablecoin Liquidity Takes Center Stage<\/h2>\n
XRPL Upgrade Gives More Ecosystem Context<\/h2>\n