Ripple Taps DriveWealth to Bring RLUSD Settlement to 100+ Global Investing Partners

DriveWealth, a brokerage infrastructure provider for fintechs and financial institutions across the globe. Announced on October 14, the agreement aims to connect traditional investing services with stablecoin settlement and blockchain-based payment rails. The collaboration will initially involve Ripple’s stablecoin technology being used within DriveWealth’s settlement activities in Europe, potentially extending to the U.S. in the future. RLUSD will feature on the XRP Ledger (XRPL), along with the minting and burning capability of Ripple. It aims to facilitate the transfer of assets into collateral accounts for the brokerage clients without doing anything but using wire transfers.