Ripple and OpenPayd have partnered to enable payment solutions for enterprise clients. The partnership will also enable OpenPayd to provide direct minting and burning of Ripple USD (RLUSD) stablecoin.
The move expands Ripple Payments support into EUR and GBP through OpenPayd’s global fiat infrastructure, including real-time payment rails, multi-currency accounts, and virtual IBANs.
“The future of global finance depends on seamless interoperability between traditional infrastructure and digital assets,” said Jack McDonald, SVP Stablecoins at Ripple. He added, “Our collaboration with OpenPayd gives enterprises reliable access to RLUSD, combining the stability and compliance they expect with the connectivity they need. This is how we accelerate real-world adoption of stablecoins at scale.”
Iana Dimitrova, chief executive at OpenPayd, said the partnership marks a major step forward in bridging traditional finance and blockchain. The company’s newly launched stablecoin infrastructure will mint and burn RLUSD.
Businesses can seamlessly convert between fiat and RLUSD with OpenPayd’s full suite of services, including embedded accounts, payments, and trading, via a single API.
The companies claim the partnership makes payments faster, more transparent, and cost-effective. As enterprise demand for stablecoins grows, businesses require real-time, regulated financial infrastructure to manage money seamlessly between traditional finance and blockchains.
RLUSD has attained a market cap of $455 million as it continues to expand and partners with other companies to boost cross-border payments. It offers core services that financial institutions need to tokenize, store, exchange, and move digital assets.
According to Ripple, its payments, including with stablecoins, have global coverage with over 90 payout markets representing more than 90% coverage of the daily FX markets, processing more than $70 billion in volume.
Recently, OpenPayd also partnered with Circle to offer seamless conversion between fiat currencies and USDC and boost real-world stablecoin utility.
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