Ripple Expands Stablecoin Infrastructure Partnership as it Seeks Bank License
2025-07-02 19:13:03
Main Idea
Ripple has partnered with OpenPayd to enhance its stablecoin infrastructure and expand its payments network, aiming to facilitate faster and cheaper cross-border transactions.
Key Points
1. Ripple's partnership with OpenPayd will integrate its payments network with OpenPayd's fiat rails to support Ripple USD (RLUSD).
2. The collaboration aims to improve cross-border payments, treasury management, and dollar liquidity needs.
3. Ripple Payments processes over $70 billion in payment volume annually across more than 90 payout markets.
4. Ripple Labs’ CEO Brad Garlinghouse recently dropped the firm's cross-appeal against the SEC, ending a year-long legal battle.
Description
Ripple has partnered with London-based fintech firm OpenPayd to build a stablecoin and payments infrastructure for businesses looking to move money across borders quickly and at lower costs. The news comes the day Ripple said it applied for a national banking license at the Office of the Comptroller of the Currency (OCC). This license would allow the company to expand its crypto services and operate across state lines under federal regulation. A key part of the new collaboration is support for R...
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