Brokerage services provider DriveWealth will use Ripple's RLUSD for stablecoin settlement and cross-border payments.

PANews October 14 news, according to The Block, brokerage service provider DriveWealth has partnered with Ripple to integrate its stablecoin settlement, cross-border payments, and digital asset custody services into its own brokerage platform. The two parties will first launch settlement operations in Europe and plan to expand the service scope to the United States.

This integration will use the Ripple RLUSD stablecoin on the XRP Ledger, enabling DriveWealth clients to use a stablecoin that can be converted into fiat currency in near real time to fund and manage collateral accounts; at the same time, the two parties are also exploring opportunities to conduct equity financing through Ripple Prime.