Ripple Integrates RLUSD Stablecoin with BlackRock and VanEck Funds
- Ripple’s RLUSD stablecoin is now integrated into tokenized money-market funds from BlackRock and VanEck.
- Investors can swap shares of BlackRock’s BUIDL and VanEck’s VBILL funds for RLUSD on demand via Securitize’s platform.
- RLUSD has surpassed $700 million in circulation, backed by liquid reserves at a ratio of 1:1.
- The integration positions RLUSD as a settlement layer for real-world assets (RWA) while enhancing its institutional presence.
- Jack McDonald, Ripple’s SVP of Stablecoins, emphasized the partnership as a step towards bridging traditional finance and crypto.
This collaboration allows for a continuous off-ramp to liquidity for tokenized treasuries, marking a significant advancement in the use of DeFi applications within institutional finance.
With RLUSD’s backing and recent integrations, Ripple is solidifying its role in both regulatory-compliant stablecoin issuance and DeFi usability, reflecting its growing influence in the market.(Source)
