Ripple Expands Stablecoin Push With OpenPayd Integration
2025-07-03 01:17:31

Main Idea
Ripple announces a strategic partnership with OpenPayd to integrate its Ripple Payments with OpenPayd's banking services, enhancing its stablecoin RLUSD's functionality and expanding its global payment network.
Key Points
1. Ripple partners with OpenPayd to integrate real-time payment rails, multicurrency accounts, and virtual IBANs into Ripple Payments, enabling instant EUR and GBP settlements.
2. OpenPayd will support on-platform minting and burning of Ripple's stablecoin RLUSD, facilitating seamless transitions between fiat and tokenized dollars via a single API.
3. RLUSD has gained regulatory approval in Dubai and is recognized for its 1:1 cash backing and NYDFS oversight, positioning it among compliant stablecoins in key markets.
4. RLUSD's market capitalization neared $250 million with $10 billion in cumulative trading volume shortly after its integration into Ripple Payments in April 2025.
5. The XRP Ledger reports $500 million in RLUSD spot turnover for Q2 2025, making it the chain's largest fiat-backed stablecoin by volume, with growing multichain issuance on XRPL and Ethereum.
Description
London is the stage for Ripple’s latest stable-asset advance this morning as the enterprise blockchain firm unveiled a strategic partnership with U.K.-based banking-as-a-service provider OpenPayd. The tie-up folds OpenPayd’s real-time payment rails, multicurrency accounts and virtual IBANs directly into Ripple Payments, extending instant EUR and GBP settlement to the product’s near-global payout network, which already covers more than 90 percent of daily FX flows and has processed over $70 billi...
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