Ripple is expanding the reach of its RLUSD stablecoin through strategic partnerships with platforms like Zero Hash and Revolut, aiming to improve financial systems by increasing transaction speed and transparency.
FedNow and RLUSD's Role
The U.S. Federal Reserve is integrating Ripple's RLUSD stablecoin into its FedNow payment system. Transactions using RLUSD promise to improve efficiency and reduce costs. The stablecoin is backed by US dollar deposits, government bonds, and cash equivalents, ensuring stability and transparency.
Ripple's Strategic Partnerships
Ripple is expanding RLUSD's reach through strategic partnerships with fintech platforms like Zero Hash and Revolut. This has resulted in RLUSD being listed on 14 cryptocurrency exchanges, increasing its liquidity and usability in financial transactions. As such, the stablecoin becomes an alternative to traditional settlement methods, enhancing financial inclusion.
US Stablecoin Regulations
U.S. lawmakers are developing legislation to guarantee security and compliance as stablecoins gain popularity. The proposed Stable Act of 2025 seeks to introduce safeguards for stablecoin issuance, including a two-year restriction on those backed solely by self-issued digital assets. Senator Tim Scott and other leaders are leading discussions to create clear guidelines for stablecoins within the financial system.
The integration of RLUSD with FedNow systems and its expansion through partnerships highlight Ripple's commitment to a more transparent and efficient financial system, while legislative changes aim to ensure the safe and legitimate use of stablecoins.
