DriveWealth to use Ripple’s RLUSD for stablecoin settlement, cross-border payments
DriveWealth will start using Ripple’s RLUSD on the XRP Ledger for stablecoin settlement, collateral funding and custody in Europe. Ripple also said the arrangement covers settlement and cross-border payments across DriveWealth’s brokerage network, which serves more than 100 global partners, with a U.S. expansion planned after the European rollout.
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DriveWealth’s customers and partners in Europe are the first to notice the change, because RLUSD settlement, collateral funding and custody are set to be used there. The brokerage network tied to the arrangement reaches more than 100 global partners, so the operational impact extends beyond a single venue.
In practice, the setup moves settlement and cross-border payments into RLUSD on the XRP Ledger for the European rollout, while the planned U.S. expansion remains a later step. What stays the same from the text is that the arrangement is still described as a rollout and an expansion plan, not as a completed global launch.
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Has this happened before?
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