Ripple launches 24/7 stock trading on Ripple Prime with RLUSD collateral

Ripple has announced a significant update to its institutional offerings, unveiling 24/7 stock trading for its clients through the Ripple Prime brokerage platform. The new capability allows institutional investors to trade stocks at any time, utilizing the firm’s stablecoin, Ripple USD (RLUSD), as collateral for their trades. With the integration of RLUSD as collateral, Ripple aims to offer institutions more flexibility in managing their trading positions and capital flows. Traditionally, such transactions require coordination during market hours and reliance on conventional banking systems. By enabling round-the-clock trading, Ripple positions RLUSD as a key tool not just for payments and treasury use, but also for financing and trading within institutional markets.

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