<ul data-eligibleForWebStory="false"><li>Nearly 800 million people rely on remittances, sending $685 billion in 2024 to low- and middle-income countries.</li><li>Ripple's stablecoin, RLUSD, facilitates instant and direct money transfers without involving banks, aiming to revolutionize the remittance market.</li><li>Stablecoin remittances offer a solution to the slow and costly traditional transfer process, providing a faster, cheaper, and more efficient alternative.</li><li>Despite significant progress in the growth of stablecoins and their impact on cross-border transactions, challenges like regulatory clarity and accessibility to stablecoin conversions still persist.</li></ul>

Ripple’s $RLUSD Stablecoin Tackles $685B Remittance Market With Onchain Efficiency

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