The post Ripple’s RLUSD Stablecoin Could Be Added to FedNow Payments appeared on BitcoinEthereumNews.com.

FedNow integrates Ripple’s RLUSD to improve payment speed and reduce costs. Ripple expands RLUSD through new partnerships, increasing access on 14 exchanges. U.S. lawmakers aim to regulate stablecoins for innovation and consumer protection. The U.S. Federal Reserve is making progress in exploring how to add Ripple’s XRP technology into its FedNow payment system, with a focus on Ripple USD (RLUSD).  It’s important to note that RLUSD is a proposed stablecoin from Ripple, pegged 1:1 to the U.S. dollar. It’s not the same as XRP, the cryptocurrency. This move is meant to use blockchain technology to boost transaction speed, reduce costs, and increase efficiency within the Federal Reserve’s real-time payment network. Ripple’s RLUSD: A Stablecoin for Faster Payments The integration of RLUSD into the FedNow system will help streamline financial transactions, offering a solution that bypasses the inefficiencies associated with traditional payment methods. Backed by U.S. dollar deposits, government bonds, and cash equivalents, RLUSD ensures both transparency and stability. In addition, Ripple’s continued expansion of RLUSD has been marked by several partnerships. Recently, the company announced collaboration with platforms like Zero Hash and Revolut, increasing RLUSD’s availability. These partnerships are set to expand RLUSD’s utility, providing access to 14 exchanges and offering broader use for payments, trading, and financial applications. Related: Stablecoins Rule the Day, But Which Crypto Sector Could Top Them? Hedera’s Existing Role in FedNow While Ripple’s integration is still underway, Hedera (HBAR) has already been successfully implemented within the FedNow system. As part of the move toward blockchain adoption in the U.S. financial system, Hedera’s blockchain infrastructure facilitates secure, real-time payments. Experts believe the next phase may involve a deeper collaboration between Ripple and Hedera. Such a partnership could integrate RLUSD with Hedera’s infrastructure, increasing connectivity between blockchain networks. The Changing Rules for Stablecoins As technological advancements continue…

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Filed under: News - @ February 7, 2025 11:24 am