Ripple has taken a significant step in expanding the utility of its stablecoin RLUSD by partnering with financial infrastructure provider OpenPayd. The new alliance enables instant access to Ripple Payments in EUR and GBP through OpenPayd’s real-time fiat rails.
OpenPayd, a London-based banking-as-a-service platform, will now offer compliant payment solutions that include direct minting and burning of RLUSD. This combination will enable enterprise users to negotiate between fiat and RLUSD by converting with speed and precision.
Under this collaboration, Ripple Payments will now have a global infrastructure of OpenPayd, such as Virtual IBANs and multi-currency accounts. Businesses can use the RLUSD payment bridge to easily and scalable access cross-border transactions without having to deal with the associated costs of cross-border transactions.
The RLUSD stablecoin, launched in December 2024, is gaining momentum in the market. Its market cap is 455.52 million, which shows its increased application in the enterprise and digital payment space.
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New Integrations Signal Growing Enterprise Use of RLUSD
Ripple’s push for adoption also includes new support from AEON Pay, a mobile Web3 platform that now accepts both XRP and RLUSD. This means users can make payments with RLUSD for retail shopping, dining, and other everyday transactions in both physical and digital spaces.
Separately, the XRPL EVM Sidechain has just entered the mainnet after several years of shared testing with Peersyst and the XRPL ecosystem. This launch is a technical breakthrough, as it means that developers can now produce and implement Ethereum-compatible solutions within the XRPL framework.
The integrations represent Ripple’s broader effort to provide high-velocity, consistent, and massive financial instruments to world markets. The OpenPayd partnership, specifically, will deliver higher real-time value to RLUSD in the European payment arena.
Ripple improves the credibility of RLUSD as a cross-border payment instrument by enabling instant access to EUR and GBP payments with OpenPayd. With added support from AEON and the launch of XRPL’s EVM Sidechain, Ripple continues to expand its reach across the digital finance landscape.
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