- The RLUSD stablecoin is now available for enterprise payments via a new Ripple partnership
- Businesses can now use the RLUSD stablecoin for treasury, settlement, and B2B payments
- This Ripple partnership aims to streamline cross-border enterprise payments using the RLUSD coin
Ripple has entered into a strategic partnership with the global payments firm OpenPayd, a move designed to drive the adoption of its new enterprise-grade stablecoin, RLUSD.
This collaboration merges OpenPayd’s “banking-as-a-service” platform with Ripple’s blockchain technology to create a new, powerful solution for global enterprise payments.
New Solution for Enterprise Payments
The new partnership enables OpenPayd’s business clients to directly mint and burn Ripple’s RLUSD stablecoin, a feature that will streamline their corporate treasury and settlement operations.
Related: Ripple Joins Forces with Zand Bank and Mamo to Transform Cross-Border Payments in UAE
By integrating the RLUSD stablecoin with OpenPayd’s existing real-time payment rails for euros and British pounds, the system facilitates seamless transitions between fiat and digital currencies. This integration is set to dramatically reduce the friction and settlement times associated with legacy cross-border enterprise payments.
The ‘Ripple Standard’ for the RLUSD Stablecoin
The RLUSD stablecoin, launched by Ripple in late 2024, is a USD-pegged asset issued under the strict regulatory oversight of the New York Department of Financial Services (NYDFS). This focus on compliance makes the RLUSD stablecoin an ideal instrument for regulated enterprise payments.
The stablecoin, which is available on both the Ethereum and XRP Ledger blockchains, is already used by early adopters like BKK Forex to improve treasury management and enable faster cross-border settlements.
Game-Changer for B2B Transactions
The partnership between Ripple and OpenPayd signals a more advanced approach to global enterprise payments.
Related: Ripple’s RLUSD Stablecoin to Be Accessible Now in 173 Countries via Alchemy Pay
It combines the fully regulated RLUSD stablecoin from Ripple with an adaptable banking platform to facilitate faster and more compliant financial transactions for international businesses.
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