In brief
- Ripple’s RLUSD stablecoin was integrated in Securitize’s platform.
- Two tokenized money market funds can now be exchanged for the stablecoin.
- BlackRock’s BUIDL is worth $2 billion, per RWA.xyz.
Ripple’s RLUSD stablecoin has been integrated into Securitize’s platform, allowing users to exchange shares in tokenized money market funds for the dollar-pegged asset.
The feature was enabled through a smart contract, which now serves as another off-ramp for products offered by asset managers BlackRock and VanEck, according to a press release. It functions 24/7, allowing users to access instant liquidity, Ripple added.
Ripple’s stablecoin debuted in December. And although it’s much smaller than alternatives offered by Tether and Circle, RLUSD has grown to a market capitalization of $740 million within the past year, according to crypto data provider CoinGecko
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Author: André Beganski
