Ripple, DriveWealth Plan RLUSD Settlement in Europe

Ripple and DriveWealth announced an integration to use the RLUSD stablecoin on the XRP Ledger for brokerage settlement, beginning with planned European operations and a later expansion to the United States. The package also includes cross-border payments and work on digital-asset custody in Europe, while equity-financing discussions remain exploratory. The companies said stablecoin funding for brokerage collateral accounts could convert to cash in near real time. The intended benefit is to reduce reliance on bank-wire schedules and cutoff times when clients move money across borders. The companies have not reported operational results or a launch date for the settlement service. DriveWealth plans to use Ripple Payments to accept incoming cross-border funds from its global partners. The brokerage infrastructure provider serves more than 100 partners, including fintechs, digital wallets and financial institutions. That network could provide a channel for the planned services, but the companies have not identified which partners will participate or confirmed a rollout across the network. The agreement also covers digital-asset custody in Europe, with additional markets...