Ripple’s RLUSD stableCOin is integrated into tokenized money market funds from Blackrock and Vaneck, giving holders of the products a direct redemption path to liquidity on tricks.
Through a new smart contract on Securitize’s platform, investors in Blackrocks Buidl and Vaneck’s VBill funds can now exchange their shares to RLUSD on request, creating what Ripple calls a 24/7 stableecoin off-ramp for tokenized government bonds.
The move positions RLUSD as a conciliation for assets in the real world (RWA) while expanding its institutional footprint.
Jack McDonald, Ripple’s SVP of StableCecoins, said in a prepared statement that he “is a natural next step as we continue to bridge traditional finance and crypto,” Framing RLUSD as regulatory-compatible and degree of business.
RLUSD – supported 1: 1 with floating reserves and issued under a New York DFS Trust Charter – has risen past $ 700 million in circulation since the launch last year. Ripple has pushed the use of cross-border payments and defi-pools, while now anchoring it to institutional RWA platforms.
The Securitize binding also also sets RLUSD for implementation on the XRP headbook, giving Ripple a double push of a regulatory-compatible stableecoin issue on the one hand and defi-ease ease of use on the other.
