Ripple President Breaks Silence on BlackRock-Related Update

Ripple President Monica Long has addressed recent speculation about connections between BlackRock and Ripple’s RLUSD stablecoin. In a post on X, Long confirmed that Ripple has teamed up with DBS Bank and Franklin Templeton. They plan to use RLUSD as a compliant and reliable way to exchange tokenized assets for lending and trading.

Global Interest in Ripple RLUSD Increases

Notably, this partnership is a big step for Ripple’s strategy to integrate real-world assets into the blockchain. RLUSD will now help tokenize traditional assets and make their movement easier across decentralized platforms.

In a similar vein, Securitize, a prominent tokenization platform, announced the addition of RLUSD as an off-ramp for BlackRock and VanEck’s tokenized funds. This development allows RLUSD to be utilized for redeeming or trading shares within these institutional-grade, tokenized investment funds. 

It is worth noting that this move underscores increasing confidence in Ripple’s infrastructure among some of the world’s largest asset managers. Last month, a cryptocurrency investor noted that Ripple has evolved into a multi-layered financial services company.

RLUSD to Take Front Stage of Global Remittance

Recall that the San Francisco-based blockchain firm noted that its USD-pegged token is a recipient of an “A” rating from Bluechip. 

The rating from the respected independent stablecoin rating agency reflects RLUSD’s strong performance across stability, management, and governance. Based on the three aforementioned metrics, it scored 0.91, 0.84, and 0.86, respectively.

According to these metrics, RLUSD is classified as low risk and suitable for enterprise use. With this token, Ripple is positioning itself to become a global leader in the stablecoin remittance industry. The company recently reaffirmed its commitment to solving long-standing problems in cross-border payments using blockchain.

RLUSD Sees Strong Support and Global Reach

RLUSD is gaining trust not just from users but also from major financial institutions. Ripple recently received approval from the Dubai Financial Services Authority (DFSA). This means RLUSD can now be used in the Dubai International Financial Centre (DIFC), a well-known global finance hub.

Importantly, Ripple created RLUSD to revolutionize payments. The stablecoin is built on blockchain technology, which allows users to send money directly without banks or middlemen. This helps cut costs, remove extra foreign exchange fees, and make transfers faster and more transparent.

As reported by TheCoinRise, the company has set aside $25 million to help nonprofits use the stablecoin for fast and transparent payments. This could be useful for sending aid during disasters, paying workers in different countries, or supporting global projects. Intriguingly, RLUSD has seen massive success since its launch in 2024.