Ripple Launches Treasury Platform to Streamline Corporate Finance
- Ripple introduced Ripple Treasury, a treasury management platform, following its $1 billion acquisition of GTreasury in October.
- The platform aims to help finance teams manage cash and digital assets, addressing fragmentation in corporate finance.
- RLUSD, Ripple’s stablecoin, is integrated into the system for cross-border settlements, promising transaction speeds of “3–5 seconds.”
- Monthly transfer volume for RLUSD has decreased by about 16.5% to $3.59 billion over the past month.
- The XRP Ledger (XRPL) stablecoin market cap stands at $395.77 million, with a transfer volume increase of approximately 33.53% in the last month.
Ripple Treasury aims to become a comprehensive treasury operating system that connects liquidity across over 13,000 banks. This move may enhance the relevance of RLUSD while raising questions about XRP’s role in payment flows.
With RLUSD’s integration into corporate workflows through Ripple Treasury, its monthly transfer activity could see improvement if successful. (Source)
