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

On October 14, The Block reported that brokerage infrastructure company DriveWealth announced a partnership with Ripple to integrate Ripple’s RLUSD stablecoin into its platform for cross-border settlements, stablecoin payments, and digital asset custody services. Operating on the XRP Ledger, the integration will allow clients to fund collateral accounts around the clock and enable the near-real-time conversion of stablecoins into cash. The partnership will first launch in Europe before expanding to the United States, and both parties will also explore equity financing opportunities through Ripple Prime. This collaboration further advances RLUSD into institutional financial infrastructure, while Standard Chartered Bank also announced the launch of RLUSD custody services this week.