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Altcoins & DeFi

Ripple and Arf launch stablecoin financing for $10B in annual payments on XRPL

Image: CoinTurk News

Ripple , a leading enterprise blockchain solutions provider, has partnered with Arf, a Swiss financial technology firm, to deliver stablecoin-powered financing on the XRP Ledger (XRPL). This collaboration aims to connect the XRPL blockchain with Arf’s existing payment operations, which handle approximately $10 billion in settlement volume each year. Arf announced on October 22 that it will use Ripple’s RLUSD stablecoin to provide short-term working capital for licensed cross-border payment companies. These financing arrangements typically last between one and five days, enabling companies to quickly reuse capital as international settlements close. Cross-border remittance providers often require instant access to liquidity in destination markets, even before customer transactions finalize. With billions of dollars moving across various currencies and banking frameworks, this need often causes a liquidity shortfall.

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