š Ripple & LMAX Group: A $150M Leap for Institutional Crypto Adoption!
Major news for the crypto-financial ecosystem!Ā RippleĀ is providingĀ $150 millionĀ in funding toĀ LMAX GroupĀ to integrate the newĀ RLUSDĀ stablecoin into its institutional trading infrastructure.
Key Highlights:
š¹Ā RLUSD as Collateral:Ā Banks, brokers, and institutional investors can now use Ripple USD as a primary margin asset.
š¹Ā Multi-Asset Settlements:Ā The stablecoin will be used for spot crypto, perpetual futures, CFDs, and various fiat currency pairs.
š¹Ā Regulation-First Approach:Ā LMAX Group CEO David Mercer noted that this partnership reflects growing regulatory clarity, positioning fiat-backed stablecoins as the backbone of a new market structure.
Ripple is clearly positioning RLUSD to be the go-to stablecoin for the "big players." The competition in the stablecoin space is officially heating up! š
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