DriveWealth Taps Ripple’s RLUSD for Stablecoin Settlement, Starting in Europe - Yahoo Finance

DriveWealth, a US-based brokerage infrastructure provider, has selected Ripple's RLUSD stablecoin for settlement, beginning in Europe. The move places a regulated, dollar-pegged token inside the back-end plumbing that powers brokerage accounts and order flow, rather than in customer-facing crypto trading.

The relevance lies in settlement mechanics. Stablecoins can reduce reliance on correspondent banking rails, potentially compressing settlement times and lowering cross-border costs for firms operating across multiple jurisdictions. For Ripple, a broker-facing integration adds an institutional use case beyond payments, while for DriveWealth it signals a preference for a token issued under a trust framework with published reserve reporting.

What to watch: whether the rollout extends beyond Europe, how European regulators treat RLUSD under MiCA, and whether other brokerage platforms follow with similar arrangements. Adoption ultimately depends on liquidity depth, redemption reliability, and audit transparency — the practical tests any settlement asset must pass before it becomes routine infrastructure.