Ripple USD (RLUSD) Is ‘Game-Changer’, SWIFT Veteran Says

Ripple has touted the stablecoin as the "gold standard" of regulatory compliance

Andre Casterman, former global head of corporate and trade markets at SWIFT, has described the Ripple USD (RLUSD) stablecoin as a "game changer" for cross-border payments.

"Corporates and SMEs will be the first ones to love it. Working capital lenders will extend the faster settlement benefits to their SME clients," he said in his X social media post.

As reported by U.Today, the much-talked-about stablecoin was officially launched on Tuesday after months of anticipation.

Notably, it has been already added to the list of greenlisted coins on the website of the New York State Department of Financial Services.

Ripple's Jack McDonald highlighted the company's emphasis on regulatory compliance, stating it will be one of the very few fully regulated stablecoins.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].

TopCryptoNewsinYourMailbox

Ripple USD (RLUSD) Is ‘Game-Changer’, SWIFT Veteran Says

Related articles