Ripple announced a significant partnership with OpenPayd, significantly expanding the usability of their stablecoin RLUSD with instant access to payments in euros and pounds sterling.
Partnership between Ripple and OpenPayd
Ripple has partnered with OpenPayd, a financial infrastructure provider, allowing instant access to Ripple Payments in EUR and GBP through OpenPayd’s real-time fiat rails.
Integration Benefits for Users
OpenPayd, a London-based banking-as-a-service platform, now offers compliant payment solutions, including direct minting and burning of RLUSD. This will enable users to quickly and accurately convert between fiat currencies and RLUSD, allowing businesses to utilize the RLUSD payment bridge for streamlined cross-border transactions.
Technical Advances and the Future of RLUSD
Since its launch in December 2024, RLUSD has been gaining traction, with a market cap of 455.52 million dollars. With additional support from AEON Pay, a mobile Web3 platform accepting both XRP and RLUSD, Ripple continues to expand its reach in the digital finance landscape.
The collaboration with OpenPayd and support from new integrations will help Ripple strengthen RLUSD’s position as a cross-border transaction instrument, further enhancing its application in the financial sector.
