Lynq and The Better Money Company convert client assets to RLUSD in minutes during live test
- —Lynq and TBMC completed a live test converting client assets into RLUSD within minutes
- —Lynq operates 24/7, has over 30 institutional partners and reported assets above $89 million
- —TBMC's clearinghouse aims for 1:1 fungibility between stablecoins, with BitGo as custody partner
- —The partnership seeks to bridge tokenized treasuries with stablecoin settlement rails
Why it matters: The test highlights the potential for fast institutional stablecoin settlement, though Lynq's volumes remain small versus traditional settlement networks.
Source: Crypto Briefing