Ripple Teams Up with OpenPayd to Expand RLUSD Stablecoin and Cross-Border Payments

Ripple has partnered with London-based fintech company OpenPayd to strengthen its U.S. dollar stablecoin infrastructure and cross-border payments capabilities. The collaboration will enable direct minting and burning of Ripple’s RLUSD, enhancing access for businesses seeking faster, low-cost global transactions.

The partnership was announced alongside Ripple’s application for a national banking license from the U.S. Office of the Comptroller of the Currency (OCC). If granted, the license would allow Ripple to operate across U.S. state lines under federal regulation—marking a major step in the company’s push to integrate traditional financial infrastructure with blockchain technology.

Ripple’s RLUSD stablecoin, regulated by the New York Department of Financial Services, is central to this new partnership. OpenPayd’s API-driven infrastructure will support RLUSD issuance and redemption, making it easier for enterprises to manage cross-border payments, treasury operations, and liquidity in U.S. dollars.

Jack McDonald, Ripple’s SVP of stablecoins, emphasized the importance of bridging the gap between traditional finance and digital assets, stating that the partnership provides “the stability and compliance enterprises expect, with the connectivity they need.”

Ripple currently processes over $70 billion in annual payment volume across more than 90 payout markets, underlining its position as a global leader in blockchain-based payments. The partnership with OpenPayd is expected to further enhance this reach and efficiency.

This announcement also follows Ripple’s decision to drop its cross-appeal in the ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC), signaling a strategic pivot towards regulatory compliance and expansion.

By integrating RLUSD into OpenPayd’s infrastructure, Ripple is reinforcing its stablecoin strategy and accelerating enterprise adoption of blockchain-powered financial solutions.