Ripple and C2FO launch supplier payments using RLUSD on XRP Ledger

Ripple and C2FO have outlined a supplier financing initiative on the XRP Ledger that settles payments in RLUSD, a stablecoin designed to track the US dollar. The project links the ledger to C2FO Instant Pay, allowing suppliers to receive early payments against approved invoices while the underlying settlement currency remains a dollar stablecoin rather than XRP. The initiative addresses the gap between invoice approval and payment receipt. A buyer may approve an invoice with terms requiring payment in 30 days, while the supplier requires immediate cash to replace inventory or meet payroll.

Source: The Currency Analytics