Ripple has announced its new platform, “Ripple Treasury,” designed to integrate cash and digital assets for corporate finance teams. The platform will be available for use by approximately 13,000 banks. According to NS3.AI, Ripple Treasury utilizes the RLUSD stablecoin, enabling immediate or near-immediate settlement. This development has sparked discussions about the future role of XRP as a bridge currency in institutional payments.
Ripple, a prominent blockchain company, aims to bring speed and transparency to the global financial system. Its XRP token is specifically designed for international money transfers to reduce the complexities and delays of traditional financial systems. RLUSD is a stablecoin intended to facilitate fast transactions while minimizing price volatility.
The successful implementation of Ripple Treasury is expected to increase the use of RLUSD, while XRP’s role may become limited to specific bridge asset corridors. This suggests that more stable and faster-settling assets could replace XRP in institutional payments, potentially having significant impacts on financial markets and Ripple’s ecosystem.
Ripple’s initiative will help financial institutions improve connectivity between digital and traditional assets, enhancing the speed and transparency of financial transactions. It remains to be seen how widely other financial institutions and banks will adopt this platform and what effects it will have on the global financial system.
Source: binance
