Ripple Backs Open USD with Multichain Payment Push

Ripple has reaffirmed its commitment to multichain payments and institutional blockchain infrastructure by joining Open USD as a day-one integration partner.

Ripple President Monica Long said that the future of payments will be built on interoperable blockchain networks rather than isolated ecosystems. She emphasized that Ripple's focus is to strengthen the XRP Ledger (XRPL) as a leading blockchain for institutional payments while expanding the global use of RLUSD and XRP.

The company has positioned RLUSD as a regulated stablecoin that complements XRP and XRPL, rather than competing with them. Ripple believes that both assets play key roles in institutional payment solutions.