Ripple expands stablecoin payments stack for banks, fintechs

Ripple expands stablecoin payments stack for banks, fintechs

The upgrade integrates custody, treasury automation and settlement tools as Ripple pushes deeper into institutional cross-border payments.

Ripple is expanding its stablecoin payments platform for banks and fintechs, aiming to reduce the need to park money overseas and speed up cross-border transactions.

Ripple Payments, the company’s global payments platform that connects financial institutions to blockchain-based settlement rails, has been upgraded to support a broader stablecoin workflow, including collection, custody, conversion and payout, the San Francisco-based company announced Tuesday. 

The move positions Ripple to compete more directly with legacy payment providers, as it is designed to reduce reliance on pre-funded accounts and traditional correspondent banking networks, which can tie up capital and delay cross-border transactions.

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