DriveWealth Taps RLUSD for the Cross-Border Funding Problem Behind Stock Trading

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. TL;DR: DriveWealth plans to integrate Ripple’s stablecoin, payments and custody technology, initially focusing on European settlement. Investors can trade US stocks through digital apps at almost any hour, but moving the cash needed to fund those trades still runs into banking cutoffs. A newly announced partnership between DriveWealth and Ripple aims to close that gap using stablecoin infrastructure. On October 14 the companies set out plans for RLUSD settlement on the XRP Ledger, beginning in Europe with a prospective US expansion. DriveWealth is also integrating Ripple Payments for cross-border funding and exploring Ripple custody and prime-brokerage services. The release describes both integrations and areas still under exploration; it does not mean every customer can already settle in RLUSD. T...