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Steve Muchoki
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Key Notes
- The Donald Trump administration has emphasized the importance of U.S.
- dollar-backed stablecoins to the country’s economy.
- Ripple USD intends to disrupt traditional stablecoins through the huge networks of Ripple Labs.
Ripple Labs, a leading blockchain payment company focused on revolutionizing cross-border transactions with XRP Ledger (XRPL), has inked strategic partnerships to enable the mainstream adoption of its recently launched fiat-backed stablecoin, Ripple USD .
In a bid to democratize the adoption of the RLUSD, Ripple Labs announced a strategic partnership with Revolut, a London-based multinational neo-bank and fintech company, and Zero Hash, a Chicago-based financial infrastructure provider that helps seamlessly move funds globally for its clients.
Through the strategic partnerships, Ripple Labs’ RLUSD will be listed for seamless trading in different markets. Both Revolut and Zero Hash customers can now access RLUSD on both XRPL and Ethereum (ETH) networks.
“The addition of RLUSD to our ecosystem demonstrates Zero Hash’s commitment to providing our customers with access to the most innovative and regulated stablecoin technologies […] Zero Hash now offers RLUSD to all partners who can seamlessly embed through our API and SDK. Zero Hash offers the tech stack that powers use cases spanning payouts including Stripe, on-ramping including Shift4, and tokenization payment rails including Franklin Templeton,” Edward Woodford, Founder and CEO at Zero Hash, noted.
Ripple USD (RLUSD) Ready to Take on Leading Stablecoins
Ripple USD (RLUSD) has grown to a vibrant fiat-backed stablecoin, with over $108 million in fully diluted valuation and a 24-hour average trading volume of about $207 million. However, the RLUSD has a long way ahead to compete with the well-established stablecoins led by Tether USDT and Circle’s USDC, which currently control 90 percent of the USD stablecoins market.
The strategic partnerships will enable RLUSD to gain more organic users in the near future. Revolut alone has more than 50 million customers globally, with deep roots in the United Kingdom. Meanwhile, Ripple Labs has established global partners in the last decade, including reputable financial institutions in the United States and Japan.
Impact on XRP Price
The integration of RLUSD with Revolut and Zero Hash will have a long-term impact on XRP $2.02 24h volatility: 0.9% Market cap: $118.01 B Vol. 24h: $2.83 B price action. The rising on-chain activity of XRPL will eventually increase the overall demand for XRP in the long haul.
However, as Coinspeaker reported, XRP price action has depicted a heightened positive correlation with Bitcoin. If BTC $83 130 24h volatility: 2.9% Market cap: $1.65 T Vol. 24h: $36.65 B price rebounds in the coming weeks towards a new all-time high, XRP price is likely to follow the same path and enter its price discovery phase of the 2025 bull market.
The large-cap altcoin, with a fully diluted valuation of about $242 billion and a 24-hour average trading volume of around $8.2 billion, has been forming a bullish flag in the past few weeks after retesting its all-time high in mid-January.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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