$XRP Ripple Advances Cross-Border Infrastructure with New Partnerships and Products
Ripple has partnered with Bank Indonesia to test a central bank digital currency (CBDC) system. This pilot project uses Ripple's XRP Ledger (XRPL) to connect digital transactions in rupiah across Southeast Asia. XRP serves as a neutral transfer layer between different stablecoins and national digital currencies.
Additionally, BlackRock's iShares XRP Trust holds over $6 billion in assets. This exchange-traded fund is traded on the New York Stock Exchange. Bloomberg data shows that it has attracted more capital than gold-focused ETFs this year. Institutional investors continue to add funds to this product.
RippleX launched a decentralized exchange (DEX) on the XRPL network. This platform supports the trading of stablecoins and tokenized assets. It utilizes the automated market maker features of the ledger. Users can also stake XRP directly through this DEX.
HSBC, Visa, and the Bank of England are testing XRP for international payments. Their sandbox test uses XRP as a liquidity bridge for Swift messages. This approach aims to reduce foreign exchange costs and settlement delays.
Ripple Labs added artificial intelligence
