Ripple Partners OpenPayd to Integrate RLUSD Stablecoin for Global Payments

Ripple, a prominent player in the blockchain and cryptocurrency space, has announced a strategic partnership with OpenPayd, a London-based banking-as-a-service platform. This collaboration aims to integrate RLUSD, Ripple’s compliant USD-pegged stablecoin, into OpenPayd’s extensive global payments infrastructure. OpenPayd, which processes over €130 billion annually, will now offer its enterprise clients a seamless bridge between traditional banking systems and blockchain networks.

This integration is specifically designed to cater to businesses that require low-cost, real-time international transfers, enhanced treasury management, and programmable asset flows using blockchain technology. The partnership leverages the strengths of both companies to provide a robust solution for cross-border payments, treasury management, and decentralized finance (DeFi) applications.

RLUSD, the stablecoin at the heart of this collaboration, is fully backed by U.S. dollars, government bonds, and cash equivalents. It is issued under a New York Department of Financial Services (NYDFS) trust license, ensuring full regulatory compliance and monthly audits by independent firms. This regulatory framework provides a layer of trust and security for businesses and users alike.

RLUSD is natively available on both the XRP Ledger and Ethereum, offering fast settlement times, flexible on/off-ramps, and integration with decentralized finance platforms. This dual availability enhances its utility and accessibility, making it a versatile tool for businesses and users across 170+ countries. Platforms like Alchemy Pay also support RLUSD, further expanding its reach and usability.

The integration of RLUSD with OpenPayd’s infrastructure provides businesses with powerful tools for managing liquidity, executing cross-border payments, and automating treasury workflows using smart contracts. This collaboration is expected to accelerate global transactions for financial institutions, as RLUSD’s market cap is approaching $250 million, with trading volumes exceeding $10 billion, signaling strong interest from enterprises.

Ripple has already implemented RLUSD into its Ripple Payments system, further solidifying its position as a leader in the blockchain and cryptocurrency industry. This move is part of Ripple’s broader strategy to provide compliant and efficient solutions for cross-border payments and treasury management, leveraging the power of blockchain technology to revolutionize traditional financial systems.