According to the press release dated June 02, 2025, Ripple and OpenPayd have joined hands to allow payment solutions for enterprise clients, which will also enable OpenPayd to directly offer minting and burning of RLUSD.
Following this partnership, the Ripple Payment support will now support Euro and British Pound (GBP), it will also allow Ripple to leverage OpenPayd global fiat infrastructure, which includes real-time payment systems, accounts that handle multiple currencies, and virtual IBANs.
Experts argue that following this development, Ripple can now offer faster and more efficient cross-border payments in Europe and the United Kingdom.
It is also said that this partnership will help OpenPayd to grow its new stablecoin services, along with Ripple’s stablecoin, to reach broader masses.
After the news, the Chief Executive Officer of OpenPayd, Lana Dimitrova, said, “ Ripple has long been a pioneer in blockchain-based payments. By combining Ripple Payments with OpenPayd’s rail-agnostic and fully interoperable fiat infrastructure, we are delivering a unified platform that bridges traditional finance and blockchain. This partnership enables businesses to move and manage money globally, access stablecoin liquidity at scale, and simplify cross-border payments, treasury flows, and dollar-based operations.”
A quick gist of the RLUSD stablecoin by Ripple
RLUSD, the stablecoin by Ripple, was launched in 2024, but in a quite short duration, it has gained significant popularity and is the 112th-ranked crypto in the market, as per CoinMarketCap.
As per available figures in the initial days, the supply of RLUSD was 53.16 million, yet in a shorter period, it grew by more than 600% reaching 455.24 million in total supply.
When writing, the market capitalization of RLUSD was $455,210,355, and the intraday trading volume was $30.82 million, down by 16.72%.
A X account with a username ‘Rizza,’ wrote on June 28, 2025, that, “ Total supply of Ripple’s RLUSD stablecoin is 428.7 million tokens. Of this, 362.8 million RLUSD are issued on Ethereum, representing about 85% of the total supply. Therefore, the amount issued outside Ethereum, primarily on the XRP Ledger (XRPL), is approximately 65.9 million RLUSD, which accounts for the remaining 15%.”
Crypto market price updates
According to the data from CoinMarketCap, the crypto market capitalization was $3.31 trillion, with a slight surge of 0.79% and the trading volume was $102.25 billion.
The crypto fear and greed index was at 46, indicating neutrality in the wider market sentiments. Bitcoins are trading at $107,844 with an increase of 1.33% and Ethereum is priced at $2,458.
The intraday gainers list has been topped by Celestia, Maple Finance, Arbitrum, Pudgy Penguins, Sonic, Bonk, Quant, and Worldcoin, yet the losers are Jasmycoin, Algorand, Fartcoin, Bitcoin Cash, Steller, and Jito.
