Huo Xing Finance reports, according to The Block, that brokerage service provider DriveWealth has partnered with Ripple to integrate its stablecoin settlement, cross-border payment, and digital asset custody services into its brokerage platform. The two parties will initially launch settlement services in Europe, with plans to expand to the United States. This integration will utilize the Ripple RLUSD stablecoin on the XRP Ledger, enabling DriveWealth clients to fund and manage collateral accounts using a stablecoin that can be nearly instantly redeemed for fiat currency. Additionally, the two companies are exploring opportunities for equity financing through Ripple Prime.
DriveWealth Integrates Ripple's RLUSD for Stablecoin Settlement and Cross-Border Payments
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Summary
DriveWealth has integrated Ripple’s RLUSD stablecoin for settlement and cross-border payments, according to on-chain news. The partnership includes custody services and will initially focus on European operations before expanding to the U.S. Using the XRP Ledger, clients can now manage collateral accounts with stablecoins that convert swiftly to fiat. The two companies are also exploring equity financing through Ripple Prime, adding to the latest developments in digital assets.
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