Ripple and Bitso Launch MXNB Stablecoin on XRP Ledger for US-Mexico Cross-Border Payments
By
@cointelegraph
Summary
Bitso is expanding its partnership with Ripple by bringing the Mexican peso-backed MXNB stablecoin onto the XRP Ledger. MXNB will be integrated into Ripple's Payments on DEX infrastructure and paired with Ripple USD (RLUSD) to facilitate enterprise cross-border settlement between the United States and Mexico. This move targets the US-Mexico remittance corridor, which is the largest single remittance corridor in the world.
Source
bskyRipple and Bitso Launch MXNB Stablecoin on XRP Ledger for US-Mexico Cross-Border Paymentscointelegraph.comKey quotes
· 3 pulledBitso is expanding its payments partnership with Ripple by bringing its Mexican peso-backed MXNB stablecoin onto the XRP Ledger
MXNB will be issued on the XRP Ledger where it will be integrated into Ripple's Payments on DEX infrastructure
Money transfers between the US and Mexico comprise the single largest remittance corridor in the world
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