Ripple expands stablecoin platform for global payments

The money-movement solution Ripple Payments has been expanded to integrate both traditional and digital payment rails. The upgrade strengthens its enterprise-grade platform, enabling custody, collections, and liquidity management while supporting global fintech expansion.

The company emphasised that the platform now processes fiat currencies and stablecoins on a single infrastructure.

Operating in more than 60 major markets, Ripple supports corporate on-chain treasury operations through managed custody and virtual account capabilities.

Recent acquisitions of Palisade and Rail have enhanced custody, treasury automation, virtual accounts, and collections, allowing firms to collect, hold, exchange, and pay out both fiat and stablecoins seamlessly.

The expanded platform offers named virtual accounts and wallet issuance, automated collection flows, fund exchange, and settlement functions. Managed custody supports large-scale wallet issuance, fast transaction signing, and transfers to operating accounts.

Companies can collect fiat and stablecoins in integrated accounts with automated FX conversion and settlement. Ripple highlighted its liquidity management expertise, enabling clients to deploy corporate assets optimally.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!