Ripple Expands Stablecoin Push With OpenPayd Integration

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.