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.