DriveWealth Partners with Ripple to Use RLUSD for Stablecoin Settlement and Cross-Border Payments

Odaily News: Brokerage services provider DriveWealth has partnered with Ripple to integrate stablecoin settlement, cross-border payments, and digital asset custody services into its brokerage platform. The two parties will first launch settlement operations in Europe and plan to expand the service to the United States. The integration will utilize Ripple's RLUSD stablecoin on the XRP Ledger, enabling DriveWealth clients to fund and manage collateral accounts using the stablecoin; the two parties are also exploring opportunities for equity financing through Ripple Prime.