DriveWealth to use Ripple’s RLUSD for stablecoin settlement, cross-border payments
DriveWealth will use Ripple's RLUSD on the XRP Ledger for stablecoin settlement, collateral funding and custody, starting in Europe.
AI summary
DriveWealth will use Ripple's RLUSD stablecoin on the XRP Ledger for settlement, collateral funding, and custody, beginning in Europe. The partnership expands RLUSD's real-world utility and adds a notable institutional use case for XRP Ledger infrastructure. Traders may view this as a positive adoption signal for XRP and Ripple's stablecoin ecosystem, though the immediate price impact is likely limited.
Impact
45
%
Conviction
40
%
Narrative
45
%
Narrative history
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2H AGOYou’re reading thisDriveWealth to use Ripple’s RLUSD for stablecoin settlement, cross-border paymentsThe Block · Score 45
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12 OCT · 19:16Decrypt · Score 35 · via Standard Chartered, Chartered
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12 OCT · 17:30CryptoSlate · Score 28 · via RLUSD, Ripple RLUSD
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12 OCT · 10:09CoinDesk · Score 33 · via RLUSD, LMAX
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12 OCT · 07:35The Block · Score 39 · via Ripple RLUSD, RLUSD
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12 OCT · 07:30Cointelegraph · Score 30 · via Ripple, Standard Chartered
