XRP: Ripple Expands RLUSD Utility Through OpenPayd Integration

XRP continues to strengthen its position in the digital asset space as Ripple expands the utility of its stablecoin, RLUSD, through a strategic collaboration with OpenPayd. This partnership aims to simplify global transactions and provide enterprise clients with streamlined access to innovative blockchain-based payment solutions.

The new integration allows direct minting and burning of RLUSD, an essential mechanism that enhances liquidity and transparency. Through OpenPayd’s infrastructure, Ripple Payments can now be executed using real-time payment rails for both the euro (EUR) and British pound (GBP), giving businesses the flexibility to transition effortlessly between traditional currencies and RLUSD.

OpenPayd, a UK-based financial technology firm offering banking-as-a-service APIs, brings to the table a suite of tools such as multi-currency accounts and virtual IBANs. These features are now combined with Ripple’s powerful blockchain system, improving efficiency in cross-border payments — a longstanding focus area for Ripple. This collaboration broadens Ripple’s ecosystem, enabling frictionless financial flows between fiat and digital assets.

Ripple made this announcement as part of its continued effort to build a global, enterprise-level financial network. According to the company, this new functionality eliminates common bottlenecks seen in international transactions and increases regulatory compliance and scalability for clients seeking global financial solutions.

The support for direct RLUSD minting and burning isn’t just a technical improvement; it signals Ripple’s evolution toward providing more granular control over stablecoin issuance. It allows companies to issue or redeem RLUSD within OpenPayd’s real-time environment, enhancing transactional accuracy and speed.

Introduced in December 2024, RLUSD has quickly gained traction among institutional users. As of now, it boasts a circulating market capitalization of approximately $455.52 million. This rapid adoption demonstrates growing confidence in Ripple’s strategy and the increasing demand for stablecoin solutions backed by major blockchain platforms.

Beyond the OpenPayd collaboration, Ripple has also formed a partnership with AEON Pay, the Web3 payment arm of AEON. This integration has introduced support for both XRP and RLUSD in real-world retail scenarios, such as restaurants and retail outlets, thus pushing the stablecoin’s usage from the digital to the physical realm. RLUSD can now be used for routine purchases and mobile top-ups, further anchoring its place in daily consumer activity.

Adding to its technical momentum, Ripple’s XRPL EVM Sidechain has officially gone live on mainnet. Developed in cooperation with Peersyst and the broader XRP Ledger community, this sidechain offers developers the ability to deploy traditional Ethereum-compatible smart contracts. This development significantly enhances the XRPL’s versatility and opens the door for more advanced decentralized applications using RLUSD and XRP as native assets.

In sum, these developments represent a broader effort by Ripple to expand XRP’s relevance across industries and use cases. The continued emphasis on interoperability, scalability, and real-world applicability demonstrates Ripple’s ambition to lead in the blockchain-based financial infrastructure arena.

XRP holders and users of RLUSD can now look forward to a more interconnected and functional ecosystem, as Ripple continues to build bridges between conventional finance and cutting-edge blockchain capabilities.

Related: Expert Advice: Sell XRP If You’re Confused

Relevant links:

• @OpenPayd
• https://t.co/I61X1yC7H3
• Ripple Tweet Announcement
• Ripple’s RLUSD Stablecoin Mints 10 Million in Day
• Ripple’s RLUSD Stablecoin Explodes With 106% Growth in Volumes