TREE NEWS update: DriveWealth will use Ripple’s RLUSD stablecoin on the XRP Ledger for settlement, collateral funding and custody, beginning in Europe. The brokerage infrastructure provider said the stablecoin will support cross-border payments. No timeline or volume figures were disclosed.
DriveWealth to use Ripple’s RLUSD for stablecoin settlement in Europe
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AI take
The notable part is the venue: a US brokerage infrastructure provider routing settlement, collateral and custody through a stablecoin on a public chain, starting in Europe. That places RLUSD in a workflow where the counterparty is an institution, not a trader, which is a different test of a stablecoin's utility than exchange liquidity. The absence of a timeline or volume figures leaves the real question open: whether this becomes recurring settlement flow or a pilot that stays nominal.
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