Privy Adds XRP Ledger Wallet Tools With RLUSD Support for Developers

Privy is adding programmable XRP Ledger wallet tools that support Ripple USD (RLUSD), XRP and other assets, expanding developer options as RLUSD also moves into institutional custody and brokerage settlement.

The tools let developers create and manage wallets, sign transactions and build applications using assets on the ledger. They also support x402 payments and private-key and seed-phrase export. The payment tools are designed for applications where software agents can pay for services. Policy controls and gas sponsorship are planned for a later phase.

The announcement adds more detail on supported payment and key-management features. The tools are intended for developers, rather than as a feature activated for all existing RLUSD holders.

RLUSD is designed to maintain a value of $1 and is backed by segregated reserves of cash and cash equivalents. The stablecoin is not designed to generate returns.

Other RLUSD developments announced from Oct. 12 to 14 focused on institutional services. Standard Chartered's custody service is live for eligible institutional clients through its Dubai International Financial Centre branch. A separate proposed arrangement with LMAX Group would make RLUSD eligible collateral for agreed products, but remains subject to documentation, testing, approvals, legal and regulatory requirements, and jurisdictional readiness.

DriveWealth is integrating RLUSD settlement on the XRP Ledger, with Europe as the initial market and U.S. expansion planned. The integration is intended to let brokerage clients fund collateral accounts with stablecoins convertible to cash in near real time. The companies also described using Ripple's mint-and-burn capabilities.

Together, the announcements add potential ways for institutions and future applications to hold or use RLUSD. Access will depend on eligibility for the custody service and on developers and DriveWealth completing their integrations; the announcements do not describe a new service for every current holder.