RLUSD Stablecoin Pilots Expand

Ripple continues to expand its RLUSD stablecoin pilots with major financial institutions. The company has partnered with Mastercard, WebBank, and Gemini to pilot on-chain settlement using RLUSD.

Key Highlights

• -Mastercard, WebBank, and Gemini join RLUSD pilot programs
• -Focus on on-chain settlement for institutional transactions
• -Hidden Road acquired and rebranded as Ripple Prime
• -Global prime brokerage offering clearing and trading services

Ripple Prime

Ripple's acquisition of Hidden Road and its rebranding as Ripple Prime represents a major push into institutional services. The platform offers clearing and trading services, positioning Ripple as a comprehensive solution for institutional crypto needs.

What This Means for XRP

While RLUSD is a separate stablecoin product, its success benefits the broader Ripple ecosystem. Increased institutional adoption of Ripple products creates more on-ramps for XRP and strengthens the company's market position.