Ripple has announced the launch of the RLUSD stablecoin aimed at improving transactions in the field of international payments. The new coin will be integrated into OpenPayd's platform, simplifying B2B transactions.
Launch of RLUSD and Partnership with OpenPayd
Ripple has confirmed a new partnership with London-based payment company OpenPayd to integrate RLUSD into their infrastructure. This collaboration aims to optimize business payments and is seen as a significant step in Ripple's strategy to improve its positioning in the international market.
Technological Capabilities and Strategic Goals
RLUSD will be issued on the XRP Ledger and Ethereum blockchains, ensuring high integration with existing payment systems. RLUSD is expected to facilitate the creation of an innovative financial tool that aligns with modern regulatory frameworks. OpenPayd CEO Iana Dimitrova remarked: *“Stablecoins like RLUSD offer reliability and predictability, which are necessary for business payments.”*
Competition in the Stablecoin Market
With the launch of RLUSD, Ripple enters a market saturated with players like Tether and Circle. Analysts believe the company aims to fill the gap left by popular stablecoins. According to CoinGecko, the circulating supply of USDC is $61.62 billion, while USDT has a supply of $157.83 billion. Despite RLUSD's relatively small market share, strong institutional partnerships may accelerate its growth.
The launch of the RLUSD stablecoin and the partnership with OpenPayd highlight Ripple's ambition to strengthen its position in the international payments market. The success of this new asset may depend on how quickly the company can increase its share in the competitive stablecoin landscape.
