Ripple and Arf launch stablecoin financing for $10B in annual payments on XRPL

Ripple , a leading enterprise blockchain solutions provider, has partnered with Arf, a Swiss financial technology firm, to deliver stablecoin-powered financing on the XRP Ledger (XRPL). This collaboration aims to connect the XRPL blockchain with Arf’s existing payment operations, which handle approximately $10 billion in settlement volume each year. Arf announced on October 22 that it will use Ripple’s RLUSD stablecoin to provide short-term working capital for licensed cross-border payment companies. These financing arrangements typically last between one and five days, enabling companies to quickly reuse capital as international settlements close.

Source: CoinTurk News