Bitso is expanding its partnership with Ripple by bringing its MXNB stablecoin to the XRP Ledger. It will be used with Ripple's RLUSD for enterprise cross-border settlements between the US and Mexico, aiming to reduce costs and improve efficiency in remittances.
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Bitso's 2025 report reveals stablecoins have overtaken Bitcoin in Latin America for the first time, with 40% of crypto purchases being USD-linked stablecoins (USDT, USDC) versus 18% for Bitcoin. The shift reflects digital dollarization driven by inflation, currency depreciation and limited banking access across the region. While Bitcoin still dominates portfolios (52%), stablecoins are preferred for savings, payments and cross-border remittances. The global stablecoin market has grown to $320 billion.
A 2025 report from Bitso reveals that stablecoins now account for 40% of crypto purchases in Latin America, outpacing Bitcoin at 18%. This trend toward 'digital dollarization' is driven by users seeking to hedge against local inflation and currency depreciation.
