Ripple Partners with OpenPayd to Accelerate RLUSD Stablecoin Adoption

• Ripple partnered with OpenPayd to help businesses use its RLUSD stablecoin to make faster payments. 

• Companies can now mint and burn RLUSD tokens directly through OpenPayd’s platform, reducing settlement times. 

• The RLUSD stablecoin operates under New York financial regulations and works on the Ethereum and XRP networks.

Ripple has announced a strategic partnership with global payments firm OpenPayd to boost adoption of its enterprise-grade stablecoin, RLUSD. The collaboration combines OpenPayd’s banking-as-a-service platform with Ripple’s blockchain infrastructure to create an advanced solution for global business payments.

The partnership allows OpenPayd’s corporate clients to mint and burn RLUSD tokens directly through the platform. This capability streamlines treasury management and settlement processes for businesses operating across multiple jurisdictions. Companies can transition seamlessly between traditional fiat currencies and digital assets within a single integrated system.

Streamlined Cross-Border Payment Infrastructure

The integration connects RLUSD with OpenPayd’s existing payment rails for euros and British pounds. This creates a unified network that reduces international transaction settlement times and operational complexity. Businesses can execute cross-border payments faster and more transparently than traditional banking channels.

The system addresses long-standing challenges in enterprise payments, including high fees, extended settlement periods, and limited transparency. By leveraging blockchain technology, transactions can be completed in minutes rather than days, while maintaining full regulatory compliance.

OpenPayd’s platform serves businesses across Europe and beyond, providing payment processing, foreign exchange, and treasury services. The addition of RLUSD functionality expands these capabilities into the digital asset space while preserving the regulatory framework that institutional clients require.

Regulatory Compliance Drives Enterprise Adoption

RLUSD launched in late 2024 under the supervision of the New York Department of Financial Services. The stablecoin operates on Ethereum and XRP Ledger networks, offering flexibility for different blockchain preferences. Each token maintains a one-to-one peg with the US dollar through regulated reserve backing.

The regulatory foundation positions RLUSD as a compliant option for enterprises navigating cryptocurrency adoption. Traditional financial institutions and corporations require clear regulatory frameworks before implementing new payment technologies. RLUSD’s NYDFS oversight provides this assurance.

Early adopters, including BKK Forex, have integrated RLUSD into their operations for treasury optimization and faster settlements. These implementations demonstrate practical applications for the stablecoin in real business environments.

The Ripple-OpenPayd partnership represents a significant development in enterprise blockchain adoption. By combining established payment infrastructure with regulated digital assets, the collaboration creates practical pathways for businesses to modernize their financial operations.