As an analyst with extensive experience in the financial sector, I can confidently say that the launch of Ripple USD (RLUSD) stablecoin is indeed a game-changer for cross-border payments. Having worked with various corporations and small to medium enterprises (SMEs), I can attest to the fact that faster settlement benefits would be warmly received by these entities, especially working capital lenders who are eager to extend such advantages to their SME clients.
Andre Casterman, a previous leader in corporate and trade markets at SWIFT, considers the Ripple USD (RLUSD) stablecoin to be a “groundbreaking innovation” that could significantly improve cross-border transactions.
In a recent social media post, he mentioned that both large corporations and small-medium enterprises (SMEs) are likely to appreciate this new development. He further explained that working capital lenders plan to offer quicker payment solutions to their SME customers.
Having eagerly awaited its arrival for several months, I am thrilled to confirm that I successfully launched my highly anticipated stablecoin on Tuesday, as per recent reports from U.Today.
Significantly, the coin in question is now included on the approved list (of green-listed coins) found on the official website of the New York State Department of Financial Services.
In a notable statement, Jack McDonald from Ripple underscored their commitment to regulatory adherence, emphasizing that their stablecoin will stand out as one of the rare ones that are fully compliant with regulations.
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2024-12-18 09:17