Exchanges· ★★★· bullish· October 14, 20:00

DriveWealth to use Ripple's RLUSD for stablecoin settlement and cross-border payments

—DriveWealth will adopt RLUSD on the XRP Ledger for stablecoin settlement
—The stablecoin will also be used for collateral funding and custody
—Rollout will begin in Europe

Why it matters: It expands RLUSD's use in institutional settlement and strengthens Ripple's position in Europe.

Source: The Block

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