DriveWealth integrates Ripple's RLUSD stablecoin for settlement and cross-border payments, following Standard Chartered's custody announcement.
DeFi & Yields ·
DriveWealth will integrate Ripple's RLUSD stablecoin for settlement and cross-border payments, expanding the use of the stablecoin across brokerage infrastructure. The partnership follows Standard Chartered's announcement of RLUSD custody services, marking a broader institutional push for the token.
The integration allows DriveWealth to offer stablecoin settlement capabilities alongside custody functions within its brokerage platform. This move positions RLUSD as a medium for institutional payments and settlement flows, extending Ripple's reach beyond direct payments into the wealth management and trading infrastructure layer.
The exact scope of the settlement flows, transaction volumes, and timeline for full deployment remain unspecified. It is also unclear whether this arrangement affects DriveWealth's existing settlement or custody infrastructure, or how custody will be arranged under this partnership framework.