At a recent conference in Singapore, Ripple CEO Brad Garlinghouse announced that the stablecoin RLUSD will now be accepted as collateral for all services at Hidden Road. This move could significantly impact the intersection of crypto and traditional finance.
RLUSD as Collateral for Hidden Road
The use of the RLUSD stablecoin as collateral will allow institutional players to engage in real-time trading across various asset classes with improved capital efficiency.
> "Ripple's stablecoin $RLUSD will be accepted as collateral for all services at Hidden Road. RLUSD is the first stablecoin enabling efficient, large-scale cross-margin trading between virtual assets and traditional markets— with 24/7, year-round availability," said Garlinghouse.
Ripple's Strategy for RLUSD
Ripple aims to expand its reach by enabling the RLUSD stablecoin as collateral, leveraging high trading volumes in Hidden Road. This enables the integration of digital and traditional finance through enhanced infrastructure, liquidity, and financial instruments.
Ripple's Future as a Digital Asset Player
Ripple is actively working to expand its functionality, applying for a national banking license in the US. With the integration of RLUSD, the platform establishes its position in the digital asset arena, facilitating the implementation of new compatibility methods between traditional and decentralized finance.
By integrating RLUSD with one of the largest global prime brokerages, Ripple takes a significant step forward in the digital assets arena. Establishing new partnerships with various institutions will position Ripple as a leader in the cryptocurrency market.
