DriveWealth partners with Ripple to use RLUSD stablecoin for settlement and cross-border payments.

According to The Block, broker infrastructure company DriveWealth announced a partnership with Ripple to integrate Ripple's RLUSD stablecoin into its platform for cross-border settlement, stablecoin payments, and digital asset custody services. The collaboration will operate on the XRP Ledger, allowing clients to fund collateral accounts around the clock and supporting near-real-time conversion of stablecoins into cash. The partnership will initially launch in Europe before expanding to the United States, while both parties will also explore equity financing opportunities through Ripple Prime. This initiative further advances RLUSD's penetration into institutional financial infrastructure, with Standard Chartered Bank also announcing the launch of RLUSD custody services this week.