XRP News: Garlinghouse Announces RLUSD Stablecoin Collateral Deal with Hidden Road
The post XRP News: Garlinghouse Announces RLUSD Stablecoin Collateral Deal with Hidden Road appeared on BitcoinEthereumNews.com. The post XRP News: Garlinghouse Announces RLUSD Stablecoin Collateral Deal with Hidden Road appeared first on Coinpedia Fintech News At a recent conference in Singapore, Ripple CEO Brad Garlighouse announced that Ripple’s stablecoin RLUSD will now be accepted as collateral for all services at Hidden Road, a global prime brokerage. According to experts, this move will impact the intersection of crypto and traditional finance. Ripple Stablecoin as Collateral Ripple‘s focus on high-friction payment routes is the central idea of this integration, as it now allows the institutional players to engage in real-time trading across asset classes with improved capital efficiency. “Ripple’s stablecoin $RLUSD will be accepted as collateral for all services at Hidden Road. RLUSD is the first stablecoin enabling efficient, large-scale cross-margin trading between virtual assets and traditional markets— with 24/7, year-round availability,” said Garlinghouse. Why Garlinghouse Initiated RLUSD Stablecoin Broader Institutional Strategy: Driven by clients’ strength and high trading volume in Hidden Road, Ripple aims to expand its reach by enabling RLUSD stablecoin as collateral. Integration of Digital and Traditional Finance: Hidden Road will now be able to offer enhanced infrastructure, more liquidity, and new financial instruments to integrate the financing system with the help of Ripple’s balance sheet. Real-World Utility: Ripple aims to increase institutional need for liquidity, transparency, and seamless trading between fiat and crypto assets, with the unique role of RLUSD stablecoin collateral in cross-market trading. Enhanced services: RLUSD will reduce the demand to move funds across platforms, lower capital requirements, and speed up execution in volatile markets in institutions. Ripple Evolves As Global Digital Asset Company Garlinghouse recently announced that Ripple will drop it’s cross-appeal in the ongoing legal battle with SEC. Amid this, the platform is actively working on new methods to expand the functionality, adoption, and innovation, as it is melding with…
The post XRP News: Garlinghouse Announces RLUSD Stablecoin Collateral Deal with Hidden Road appeared on BitcoinEthereumNews.com.
The post XRP News: Garlinghouse Announces RLUSD Stablecoin Collateral Deal with Hidden Road appeared first on Coinpedia Fintech News At a recent conference in Singapore, Ripple CEO Brad Garlighouse announced that Ripple’s stablecoin RLUSD will now be accepted as collateral for all services at Hidden Road, a global prime brokerage. According to experts, this move will impact the intersection of crypto and traditional finance. Ripple Stablecoin as Collateral Ripple‘s focus on high-friction payment routes is the central idea of this integration, as it now allows the institutional players to engage in real-time trading across asset classes with improved capital efficiency. “Ripple’s stablecoin $RLUSD will be accepted as collateral for all services at Hidden Road. RLUSD is the first stablecoin enabling efficient, large-scale cross-margin trading between virtual assets and traditional markets— with 24/7, year-round availability,” said Garlinghouse. Why Garlinghouse Initiated RLUSD Stablecoin Broader Institutional Strategy: Driven by clients’ strength and high trading volume in Hidden Road, Ripple aims to expand its reach by enabling RLUSD stablecoin as collateral. Integration of Digital and Traditional Finance: Hidden Road will now be able to offer enhanced infrastructure, more liquidity, and new financial instruments to integrate the financing system with the help of Ripple’s balance sheet. Real-World Utility: Ripple aims to increase institutional need for liquidity, transparency, and seamless trading between fiat and crypto assets, with the unique role of RLUSD stablecoin collateral in cross-market trading. Enhanced services: RLUSD will reduce the demand to move funds across platforms, lower capital requirements, and speed up execution in volatile markets in institutions. Ripple Evolves As Global Digital Asset Company Garlinghouse recently announced that Ripple will drop it’s cross-appeal in the ongoing legal battle with SEC. Amid this, the platform is actively working on new methods to expand the functionality, adoption, and innovation, as it is melding with…
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