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Ripple has announced a significant milestone in the development of its stablecoin RLUSD, as it expands its utility with OpenPayd, a provider of financial infrastructure. This partnership aims to increase access to effective cross-border payments for enterprise clients.
According to Ripple’s official announcement, the collaboration will enable OpenPayd’s real-time EUR and GBP rails, supporting Ripple Payments in both online and offline payment environments. Furthermore, this integration allows for direct RLUSD minting and burning, granting companies the capability to seamlessly transition between fiat and the stablecoin.
Ripple USD (RLUSD) has gained traction since its launch in December 2024, with a market capitalization of $455.52 million. This development is seen as a significant step forward in expanding the reach and versatility of RLUSD within the global financial ecosystem.
In related news, Ripple’s recent advancements include the XRPL EVM Sidechain going live on mainnet this week.
Source: u.today
