The U.S. Federal Reserve is actively exploring the integration of Ripple's XRP technology, specifically Ripple USD (RLUSD), into its FedNow payment system. RLUSD is a proposed stablecoin that is pegged 1:1 to the U.S. dollar. The aim of this integration is to enhance transaction speed, reduce costs, and increase efficiency within the Federal Reserve's real-time payment network. The integration of RLUSD into the FedNow system will streamline financial transactions and bypass the inefficiencies of traditional payment methods. Ripple has formed partnerships with platforms like Zero Hash and Revolut to expand the availability and utility of RLUSD. Additionally, Hedera's blockchain infrastructure has already been successfully implemented within the FedNow system, and experts suggest a deeper collaboration between Ripple and Hedera could further enhance connectivity between blockchain networks. The proposed Stable Act of 2025 addresses the risks associated with stablecoin issuance and aims to establish clear regulations for stablecoins. Lawmakers are working towards striking a balance between innovation and consumer protection in the development of stablecoins. A subcommittee meeting is scheduled to discuss these matters further.
Content Editor ( coinedition.com )
- 2025-02-07
Federal Reserve Explores Ripple’s RLUSD Stablecoin for FedNow Payment System
