menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Ripple News

>

Ripple Exp...
source image

Bitcoinist

3w

read

105

img
dot

Image Credit: Bitcoinist

Ripple Expands Stablecoin Push With OpenPayd Integration

  • Ripple has partnered with U.K.-based OpenPayd to integrate its real-time payment rails and multicurrency accounts into Ripple Payments, facilitating instant EUR and GBP settlements.
  • The partnership involves the use of Ripple USD (RLUSD), Ripple's USD-denominated stablecoin, allowing clients to seamlessly move between fiat balances and tokenized dollars through a single API.
  • Regulatory approvals for RLUSD have been increasing, with recognition by the Dubai Financial Services Authority and compliance with New York standards, positioning the stablecoin for institutional adoption.
  • The OpenPayd integration provides Ripple with a fiat on- and off-ramp in the European Economic Area and UK, catering to nearly 40% of RLUSD treasury flows, signaling a significant step towards real-world adoption of stablecoins at scale.

Read Full Article

like

6 Likes

For uninterrupted reading, download the app