Cross River Bank links $2.4B RLUSD to core banking system
The bank says fintechs can access dollar and RLUSD payments through one API, with availability limited to some US states.
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The bank says fintechs can access dollar and RLUSD payments through one API, with availability limited to some US states.
DriveWealth will use Ripple's RLUSD on the XRP Ledger for stablecoin settlement, collateral funding and custody, starting in Europe.
The successful test could accelerate the integration of stablecoins in institutional finance, enhancing liquidity and settlement efficiency.
Standard Chartered also partners with LMAX Group to let institutional clients use RLUSD held in custody for trading…
Standard Chartered has launched custody for Ripple’s RLUSD stablecoin on the XRP Ledger and plans to let institutions use the tokens as trading collateral.
Standard Chartered's expansion into institutional crypto custody could significantly influence regulatory frameworks and stablecoin adoption.
Payments and capital markets are driving growth for Ripple's $2.4 billion digital dollar as it looks to bring RLUSD to Europe under MiCA, the firm's Jack McDonald said.
Ripple USD has crossed $2 billion in market capitalization less than two years after its launch.
RLUSD's rapid growth on XRP Ledger highlights the increasing centralization risk and regulatory challenges in the stablecoin ecosystem.
Ripple, Clearpool and Cicada Partners are building an institutional lending market on the XRP Ledger using RLUSD as the credit asset.
RLUSD's growth on Morpho Blue highlights DeFi's evolving landscape, emphasizing tailored risk management and expanding stablecoin utility.
Ripple has backed a new institutional credit fund that will issue RLUSD working-capital loans to fintech and payments companies through the XRP Ledger, with Clearpool…
Ripple's strategic expansion into institutional finance could enhance XRP's market position, potentially driving long-term growth and stability.
Clearpool and Cicada Partners are building an institutional lending product using RLUSD, though the XRP Ledger features underpinning it are still awaiting activation.
Ripple minted 10 million RLUSD on XRPL on Aug. 17 as circulating supply reached 1.71 billion, but the transaction does not identify demand.
A former Ripple staffer says an unnamed XRP Ledger startup will use RLUSD rails, avoid a new token and reveal more details in September.