DriveWealth Turns to Ripple’s RLUSD Stablecoin for Client Funding, With Europe First

DriveWealth , the company that runs the brokerage plumbing behind investing products offered by more than 100 partners worldwide, will use Ripple’s RLUSD stablecoin to settle client funds, beginning in Europe, the two firms announced on Oct. 14. The deal brings RLUSD, running on the XRP Ledger , into the funding layer of a Brokerage-as-a-Service platform that fintechs, digital wallets and financial institutions use to give their customers access to U.S. markets. DriveWealth said it intends to bring stablecoin settlement to the U.S. as well, but gave no timeline. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . Funding at Market Speed The companies pitched the partnership as a fix for a timing gap. U.S.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Unchained.