by Jake ClaverRLUSD, USD stablecoin, and cross-border payments: stablecoins doing real settlement work
RLUSD, USD stablecoin, and cross-border payments put stablecoins to work as settlement money. It names real organizations and documents, so the claim can be checked.
The Settlement Layer
This material is about fiat-denominated value moving through the ecosystem, usually via issuance or settlement. Supporting material comes from the Ripple cross-border payments solution and the RLUSD partners BusinessWire. Ripple RLUSD launch, an announcement from the organizations involved, states it directly:
> The reserve assets must be of high quality and high liquidity with minimal investment risks. 3.4.4. The applicant must ensure that the reserve assets of each type of specified stablecoins that the applicant plans to issue are (i) segregated from any other pools of reserve assets it maintains, (ii) adequately protected against claims by its other creditors in all circumstances, and (iii) kept separate from any other assets of the applicant, including any other funds paid to, maintained or received by the applicant.
Why Settlement Rails Matter For XRPL
For the Ripple and XRP Ledger ecosystem, this matters because stablecoin activity can improve how useful a network is for payments and treasury operations. The broader research trail also includes the BIS CPMI stablecoins in cross-border payments report PDF, the FSB global stablecoin recommendations, and the IMF Understanding Stablecoins paper.
The Settlement Screenshot
Receipts For The Settlement Thread
- Ripple RLUSD launch
- Ripple cross-border payments solution
- RLUSD partners BusinessWire
- BIS CPMI stablecoins in cross-border payments report PDF
- FSB global stablecoin recommendations
- IMF Understanding Stablecoins paper
- BIS Innovation Hub Project Pyxtrial stablecoin monitoring report PDF
- Federal Reserve FEDS Note on payment stablecoins and cross-border payments
- Federal Reserve FEDS Note on stablecoins in 2025
- HKMA regulatory regime for stablecoin issuers page
- HKMA explanatory note on licensing of stablecoin issuers PDF
