Ripple and OpenPayd have teamed up to offer new payment solutions for enterprise clients around the world. The collaboration will also let OpenPayd handle direct minting and burning of Ripple USD (RLUSD), a stablecoin pegged to the U.S. dollar.
Through this alliance, both companies aim to blend blockchain strengths with traditional banking services.
Expanded Payment Support
OpenPayd’s existing fiat infrastructure now integrates Ripple’s cross‑border payments network for euros and pounds. Enterprises can use real‑time payment rails, multi‑currency accounts, and virtual IBANs, all via OpenPayd’s global system.
This means businesses that already rely on OpenPayd for daily transactions can route payments through Ripple’s blockchain technology without changing their back‑end workflows.
Stablecoin Infrastructure
A key element of the deal is OpenPayd’s role in RLUSD issuance. The firm gains the ability to mint new RLUSD tokens when clients deposit dollars, and burn tokens when they redeem them.
By connecting fiat on‑ramps and off‑ramps with stablecoin mechanics, OpenPayd simplifies the flow between traditional accounts and digital ledgers.
Clients tapping into OpenPayd’s embedded accounts, payments, and trading services will now have seamless access to RLUSD through a single API.
Also Read: Ripple Highlights Potential Of Blockchain In Cross-Border Payments With XRP & RLUSD
Enterprise‑Grade Stablecoin
RLUSD is designed for business use, with an emphasis on trust and compliance. It carries a USD peg and is built on Ripple’s broader digital asset framework, which already supports banks, fintechs, and crypto firms.
The stablecoin promises fast settlement, minimal price swings, and transparent reserves, features that enterprises need when managing large sums or handling cross‑border flows.
Use Cases and Benefits
Enterprises can apply the new platform to several tasks. Cross‑border payments become faster and clearer, since blockchain transactions settle in seconds and provide end‑to‑end tracking.
Global treasury teams gain a reliable way to hold US dollar liquidity on‑chain without juggling multiple bank accounts. And companies looking to streamline overseas payables or receivables can switch between fiat and RLUSD instantly, reducing delays and cut‑off times.
Leaders’ Perspectives
Iana Dimitrova, Chief Executive at OpenPayd, said the partnership brings together two infrastructure leaders from blockchain and traditional finance. She noted that a unified platform lets businesses move money worldwide, access stablecoin liquidity at scale, and simplify both cross‑border payments and treasury operations.
Jack McDonald, SVP of Stablecoins at Ripple, added that real‑world adoption of stablecoins depends on strong fiat rails at both ends. He said the collaboration gives enterprises reliable access to RLUSD, blending stability with global connectivity.
Industry Impact
This alliance highlights a broader trend of financial platforms merging blockchain with legacy systems. As demand for stablecoins grows, enterprises seek solutions that offer compliance and efficiency.
By combining OpenPayd’s fiat network with Ripple’s 90+ payout markets and daily FX coverage of more than 90%, the partnership sets a new standard in hybrid payments. Together, the firms report they process over $70 billion in volume, underscoring their reach in global finance.