Ripple partners with DriveWealth for RLUSD settlement and global payments

Ripple has partnered with DriveWealth to introduce RLUSD settlement and cross-border payments across a brokerage network serving more than 100 global partners, with European settlement integration preceding a planned U.S. expansion. DriveWealth will use RLUSD on the XRP Ledger for settlement, starting in Europe. Ripple Payments will support incoming cross-border transfers from the brokerage platform’s international partners. The agreement includes European digital asset custody and exploratory equity financing work through Ripple Prime. DriveWealth plans to extend stablecoin settlement to the United States after its European integration. Ripple announced the agreement on Oct.