Ripple Expands RLUSD Stablecoin Utility With This New Integration: Details

Ripple has taken another significant step in expanding the utility of the $RLUSD stablecoin by partnering with OpenPayd, a provider of financial infrastructure, to increase access to effective cross-border payments.

OpenPayd, a London-based banking-as-a-service platform that provides financial services to businesses through a single API, has entered into a strategic partnership with Ripple to offer compliant and scalable payment solutions to enterprise clients.

Through the partnership, OpenPayd’s global fiat infrastructure, which includes real-time payment rails, multi-currency accounts and virtual IBANs, will support Ripple Payments into EUR and GBP. OpenPayd will offer direct minting and burning capabilities for Ripple USD ($RLUSD).

Ripple Payments are now enabled via OpenPayd's real-time EUR and GBP rails, as well as direct $RLUSD minting and burning, allowing companies and businesses to convert between fiat and $RLUSD.

Ripple USD stablecoin $RLUSD, launched in December 2024, has since gained traction, with a market capitalization of $455.52 million.

Ripple advancements

Crypto payment framework, AEON, recently announced a strategic partnership with Ripple to integrate $XRP and Ripple USD ($RLUSD).

With the partnership, AEON Pay, AEON’s Web3 mobile payment platform, now supports $XRP and $RLUSD in both online and offline payment environments. Users could use $RLUSD to pay for ordinary transactions like dining, retail shopping and top-ups.

Following years of development and testing in conjunction with Peersyst and the broader XRPL ecosystem, the XRPL EVM Sidechain went live on mainnet this week. This release marks a key milestone in the launch of general-purpose smart contract capabilities, as developers may now create, port and deploy cross-chain and EVM (Ethereum Virtual Machine)-only dApps.