Ripple Partners OpenPayd for Faster Cross-Border Payments with RLUSD Stablecoin

Ripple has announced a strategic partnership with OpenPayd, a global payments firm, to integrate its enterprise-grade stablecoin, RLUSD, into OpenPayd’s banking-as-a-service platform. This collaboration aims to enhance the efficiency and compliance of cross-border enterprise payments by leveraging blockchain technology.

The integration allows OpenPayd’s business clients to directly mint and burn the RLUSD stablecoin, streamlining their corporate treasury and settlement operations. This feature is designed to reduce the friction and settlement times associated with traditional cross-border payments. By combining OpenPayd’s real-time payment rails for euros and British pounds with Ripple’s RLUSD stablecoin, the system enables seamless transitions between fiat and digital currencies.

The RLUSD stablecoin, launched by Ripple in late 2024, is a USD-pegged asset issued under the regulatory oversight of the New York Department of Financial Services. This focus on compliance makes the RLUSD stablecoin an ideal instrument for regulated enterprise payments. The stablecoin is available on both the Ethereum and XRP Ledger blockchains and has already been adopted by early users like BKK Forex to improve treasury management and enable faster cross-border settlements.

This partnership represents a significant advancement in global enterprise payments. By combining Ripple’s fully regulated RLUSD stablecoin with OpenPayd’s adaptable banking platform, the collaboration facilitates faster and more compliant financial transactions for international businesses. This integration is set to transform the landscape of B2B transactions, making them more efficient and secure.