Ripple Joins Hands With Stably To Launch Stablecoin On XRP Ledger
The blockchain platform XRP Ledger of Ripple could be the next network to support Stably USD’s regulated multi-protocol stablecoin USDS.
Stably, a blockchain company has announced a partnership with Ripple, a digital payments company based in the United States.
With this agreement, Ripple will provide all technical support required for implementing the Stably USD (USDS) blockchain on the XRP Ledger (XRPL) platform.
The USD ticker will be assigned to a new XRPL-based stablecoin. Stably USD (USDS) will enable partners from 200 countries to seamlessly mint and claim their stablecoins on XRPL due to its integration with US-regulated banking institutions.
According to Kory Hoang, CEO of Stably, this will be the first fiat-to-stablecoin integration for the XRP Ledger ecosystem, providing its B2B and B2C customers with a completely new experience:
“We are very excited to partner with Ripple and support our fiat-to-stablecoin gateway to the XPRL via USDS. Regulatory compliance, transparency, and security have always been Stably’s top priorities and we look forward to bringing more of these benefits to the XRPL community.”
Recently, Ripple is also expanding the company’s size into Asia, specifically Japan, with a partnership with Web3 Design Lab to promote the use of XRP Ledger.
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