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Ripple Mints 14M RLUSD and Partners With OpenPayd for Global Push
In a recent development, Ripple has announced the minting of 14 million RLUSD tokens. This news comes alongside an exclusive partnership with OpenPayd to accelerate global stablecoin use and streamline cross-border payments.
The minted RLUSD tokens were recorded on Ethereum and verified through Etherscan. The move reflects Ripple’s growing focus on transparency and distribution, aligning the company’s goals of enhancing liquidity access via digital assets.
RLUSD remains fully backed by US dollars, ensuring a consistent 1:1 value ratio and providing businesses and users with a reliable tool for swift cross-border transactions without exposure to volatility. This issuance strategy directly supports Ripple’s mission to modernize payment systems and simplify liquidity management.
The partnership with OpenPayd, on the other hand, aims to bridge the gap between traditional banking and blockchain-powered assets. The collaboration enables seamless transitions between fiat and stablecoin assets for operational and treasury needs. By integrating RLUSD into its regulated fiat infrastructure, including real-time payments and multi-currency services, OpenPayd allows businesses to efficiently manage RLUSD liquidity.
This strategic alliance positions RLUSD at the forefront of global payment innovation, enhancing access to regulated financial services worldwide. The partnership further solidifies Ripple’s commitment to scaling compliant blockchain solutions for enterprise payments.
The recent RLUSD issuance also complements Ripple’s earlier action of unlocking 500 million XRP and relocking 400 million, which helped rebalance Ripple’s reserves while supporting network liquidity.
Source: coincentral.com
