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.
Circle’s USDC stablecoin, which boasts a market cap of more than $42 billion, is likely to be RLUSD’s main competitor since both players prioritize regulatory compliance. However, Circle does not have its own blockchain, which means that Ripple will be able to offer the whole package.
FadedJoke
Article URL : https://u.today/ripple-usd-rlusd-is-game-changer-swift-veteran-says