Ripple has strengthened the utility of its Ripple USD (RLUSD) stablecoin by joining forces with OpenPayd, a London-based provider of financial infrastructure. This strategic move aims to enhance access to cross-border payments, making them more efficient and compliant for enterprise-level users.
OpenPayd Brings Real-Time EUR and GBP Support to Ripple Payments
Under this new partnership, OpenPayd will integrate its global fiat infrastructure with Ripple Payments. The infrastructure includes real-time payment rails, multi-currency accounts, and virtual IBANs. As a result, Ripple Payments will now support transactions in EUR and GBP through OpenPayd’s platform.
Importantly, OpenPayd will also enable direct minting and burning of RLUSD. This feature allows businesses to seamlessly convert between fiat currencies and RLUSD in real-time, streamlining treasury and cross-border operations.
Partnership Offers Scalable, Compliant Solutions for Enterprises
By leveraging OpenPayd’s single API access to global payment networks, Ripple aims to deliver scalable and compliant payment services tailored for large-scale businesses. These capabilities are expected to enhance the reach and functionality of Ripple’s payment ecosystem, especially within European corridors.
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The RLUSD stablecoin, launched in December 2024, has already shown strong momentum. As of now, it boasts a growing market capitalization of $455.52 million, signaling increasing adoption and market confidence.
Meanwhile, Ripple also secured another major integration. AEON, a crypto payment framework, has added support for both XRP and RLUSD through its Web3 mobile platform, AEON Pay. With this integration, users can make everyday transactions using RLUSD. These include dining out, shopping, and topping up digital walletsboth online and in physical stores. This partnership allows Ripple to expand RLUSD’s presence in practical, real-world payment scenarios, further solidifying its role in everyday finance.
XRPL EVM Sidechain Launches on Mainnet
In another major milestone, the long-awaited XRPL EVM Sidechain has officially launched on mainnet. After years of development and collaboration with Peersyst and the XRPL community, the sidechain is now live, unlocking general-purpose smart contract functionality.
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With the EVM-compatible chain in place, developers can now deploy Ethereum-based decentralized applications (dApps) within the XRPL ecosystem. This advancement supports cross-chain functionality, enabling broader utility for tokens like RLUSD and XRP across various blockchain platforms.
Ripple’s recent moves including its partnership with OpenPayd, the AEON Pay integration, and the XRPL EVM launch collectively boost RLUSD’s usability in both enterprise and consumer-facing environments. These developments position RLUSD as a stablecoin with expanding real-world utility and reinforce Ripple’s strategic push toward global payment innovation.
