Ripple officially allows the RLUSD stablecoin to be used as collateral at Hidden Road, opening up opportunities to connect liquidity between traditional finance and cryptocurrency.
Using RLUSD as collateral facilitates efficient cross-asset trading, supports continuous liquidity, and expands the application of stablecoins in global financial services.
MAIN CONTENT
RLUSD is accepted as collateral for all services at Hidden Road.
Ripple integrates traditional finance and cryptocurrency, enhancing transaction efficiency and liquidity.
Ripple develops a new direction with a national banking license and a master account at the Federal Reserve.
Why did Ripple adopt the RLUSD stablecoin as collateral?
Ripple leverages customer strength and high trading volume at Hidden Road to expand the use of RLUSD as collateral in cross-border payments and asset trading.
This has been confirmed by Brad Garlinghouse, CEO of Ripple, stating that 'RLUSD is the first stablecoin to support large-scale cross-margin trading between cryptocurrency and traditional markets, with the ability to operate 24/7 year-round.'
RLUSD enables superior trading performance, enhances liquidity and capital capacity in a mixed financial environment.
Brad Garlinghouse, CEO of Ripple, 2024
The impact of RLUSD on trading and market liquidity
RLUSD helps reduce the need to transfer money across multiple platforms, optimizes capital requirements, and speeds up processing in volatile markets, thereby improving transparency and cross-sector efficiency.
Hidden Road will integrate RLUSD to provide better infrastructure, diversify liquidity, and create new financial tools, bridging cryptocurrency and traditional finance.
How is Ripple developing to become a global digital asset company?
Despite dropping the appeal in the legal battle with the SEC, Ripple continues to drive innovation, expand adoption, and collaborate with modern Blockchain technologies.
The integration of RLUSD enhances innovation, while Ripple has applied for a national banking license in the United States and has obtained a master account at the Federal Reserve, allowing direct management of RLUSD under federal supervision.
'Ripple is committed to developing a sustainable digital asset ecosystem, connecting traditional banking and Blockchain technology to create real value.'
Brad Garlinghouse, CEO of Ripple, 2024
Future vision with Ripple's partnerships and innovations
Collaboration with Hidden Road marks a significant advancement, helping Ripple lead the digital asset industry. Partnerships with major organizations lay the foundation for the expansion and practical application of RLUSD in various fields.
Frequently Asked Questions
What is RLUSD? RLUSD is Ripple's stablecoin, price-stable and supports cross-chain multi-asset trading, suitable for both digital and traditional markets.
What does the acceptance of RLUSD at Hidden Road mean? This is the first step to incorporating stablecoins as comprehensive collateral in the collaborative model of traditional finance and cryptocurrency.
Is Ripple a bank? Ripple has applied for a national banking license in the U.S. and has an official account at the Federal Reserve to manage stablecoins in compliance with legal regulations.
How does RLUSD help trading organizations? RLUSD improves liquidity, reduces capital requirements, and accelerates cross-border transaction efficiency.
What is Ripple's future after dropping the appeal with the SEC? Ripple focuses on expanding innovation, integrating new technologies, and developing products to strengthen its position in the digital asset space.
Source: https://tintucbitcoin.com/rlusd-stablecoin-hop-tac-cung-hidden-road/
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