Cross River Bank over in New Jersey just linked up with Ripple to slide RLUSD straight into their banking setup fr 🖤. This move opens doors for deals on the XRP Ledger while letting folks juggle the stablecoin next to old-school payments.
RLUSD Slips Into Cross River Rails 🌙
They plan to weave RLUSD into that Core Operating System which hooks up fintech vibes with payment networks ✨. The whole point is giving payment crews extra wiggle room when settling stuff. Biz types can swap between plain US dollars and this Ripple coin for border hops or treasury runs anytime day or night 💸. They keep access to ACH wires and real-time pays all in one spot.
Customers grab RLUSD via a single API now which cuts down lag big time. Moves on the XRP Ledger settle in three to five seconds for basically pennies according to the drop. Markus Infanger from RippleX dropped that stablecoins level up payments by fitting into banks we already use not some side system.
RLUSD Spreading Thru Finance Like Venom 🔮
Standard Chartered kicked off custody for RLUSD via their Dubai branch this week so select clients can stash it safely 🦇. They are teaming with Ripple and LMAX to turn it into collateral on some products which might ease risks and free up capital without shifting tokens.
Back in July Ripple dropped Ripple Mint for institutions to mint redeem and track RLUSD across chains 🕸️. Japan’s watchdogs approved the token for use thru SBI VC Trade too. The whole thing stays live only in select US states rn tho.
Just another echo from the void by iconofsin.eth 💖
