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Author: Admin | 2025-04-27
Move value.A significant step in making this future a reality was the acquisition of Metaco in 2023 - a digital asset custody technology provider serving tier-one banks across the globe including BBVA Switzerland, HSBC, Société Générale - FORGE and more. We are now better positioned than ever to deliver on the product roadmap for our customers globally, and moving forward, Metaco will be known as Ripple Custody. We’re continuing to scale the team and custody business, as well as opening a new office in Geneva (coming soon!) to address our growing custody footprint. We’ve also decided to fold our Liquidity Hub product into our payments solution, bringing the benefits of both offerings into a singular experience. Ripple’s own experience building a payments business and mastering how to deliver liquidity to the right destination, for the right cost, at the right time taught us a lot about liquidity management. We’re applying the lessons we learned from our experience to our customers’ experiences. Bridging TradFi and CryptoEarlier this year, we announced our intention to launch a stablecoin, called Ripple USD (RLUSD) on the XRP Ledger and Ethereum blockchains. This is a milestone for Ripple’s business and a significant next step in bridging the gap between traditional finance and crypto. Once Ripple USD launches, we plan to integrate it into Ripple Payments, alongside XRP, to serve customers' growing needs and evolving use cases in cross-border payments.We’ve spent years building a robust global payout network, which allows customers to off-ramp funds in the destination and currency of their choice. Alongside other stablecoins, Ripple USD will enable efficient on-ramps and facilitate fast and low-cost global payments for many Ripple Payments customers.XRPL is the blockchain of choice for institutional DeFi use cases due to its reliability, high performance, low transaction costs and speed. Institutional DeFi requires high-quality stablecoins for on-ramping, trading, and more. Bringing trusted stablecoins to XRPL from companies with a compliance-first mindset unlocks new capabilities, use cases, and users for more DeFi developers. XRP, is still the universal bridge asset for the XRPL, and is especially useful to create liquidity for long-tail assets. For example, in regions where the cost to move money across borders is particularly high due to the lack of liquidity between currencies, XRP remains the most efficient. XRP Ledger: Built for Business XRPL remains the primary blockchain that underpins our products because it’s fast, highly efficient, battle-tested, and supports large-scale use cases. Since 2012, it has processed 2.8B+ transactions without failure or security breach.It also has a number of highly sophisticated financial tools built in at the protocol layer, such as its native decentralized exchange (DEX). XRPL was the first blockchain to feature a built-in DEX, allowing users to offer
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