Ripple has confirmed that its stablecoin RLUSD will now enable 24/7 cross-margin trading at Hidden Road. The U.S. dollar-backed asset will act as universal collateral across crypto and traditional markets. This includes FX, equities, commodities, and digital assets.
Announced in a Singapore press conference, the move follows Ripple’s $1.25 billion acquisition of the prime broker Hidden Road. The integration simplifies capital management for institutional clients and unlocks seamless risk control across markets.
Paul Barron confirmed the news on X. He stated that Ripple CEO Brad Garlinghouse emphasized RLUSD’s role which brings year-round capital availability with zero downtime. This makes it the first stablecoin designed for continuous cross-margin use.
Hidden Road to Integrate XRP Ledger
As part of the agreement, Hidden Road will shift its post-trade settlement processes to the XRP Ledger. Consequently, it boosts transaction speed while cutting operational costs. The firm executes over $3 trillion in annual trading volume and serves 300+ institutional clients worldwide.
Moreover, the XRP Ledger will strengthen Hidden Road’s infrastructure and enhance its global credit network. This network links crypto markets with traditional finance under a unified system. Besides, RLUSD’s regulated backing ensures it fits institutional compliance frameworks.
Senate Hearing May Shape Crypto Regulation
The news comes ahead of a U.S. Senate Banking Committee hearing set for July 9. Ripple CEO Garlinghouse is expected to testify. The hearing will review a Republican-led bill that may clarify digital asset classifications. This could define whether tokens like XRP are securities or commodities.
Also Read: Ripple vs SEC Case Won’t End Today, Says Former SEC Lawyer
