💰 Ripple partners with Revolut and Zero Hash to expand access to RLUSD

💰 Ripple partners with Revolut and Zero Hash to expand access to RLUSD

Ripple has formed a strategic alliance with Revolut and Zero Hash to accelerate the adoption of its stablecoin RLUSD, positioning it as a competitor to market leaders like USDT and USDC.

▶️ Key Players:

▶️ Revolut 🇬🇧🇱🇹: A global neobank offering payment processing, cryptocurrency exchange, and multi-currency accounts supporting over 30 different currencies. It also facilitates international transfers and boasts approximately 50 million users.

▶️ Ripple Labs 🇺🇸: A leading U.S. blockchain payment company known for its XRP Ledger (XRPL) network. With ongoing strategic partnerships, Ripple continues to expand its ecosystem, driving long-term demand for XRP.

▶️ Zero Hash 🇺🇸: A B2B2C platform specializing in integrating digital assets into applications via API.

▶️ Impact of the Partnership:
This collaboration will make RLUSD more widely accessible across multiple markets. Additionally, users of Revolut and Zero Hash will be able to trade and utilize RLUSD on both the XRPL and Ethereum (ETH) networks, increasing its reach and liquidity.

▶️ Key Data:
Although RLUSD currently represents only 10% of the market, it is considered a stablecoin with high potential. Its daily transaction volume reaches 207 million USD, and its fully diluted valuation exceeds 108 million USD.

#news #crypto #USA #stablecoins

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