According to The Block, DriveWealth will use Ripple’s RLUSD on the XRP Ledger for stablecoin settlement, collateral funding and custody purposes, beginning in Europe. The implementation involves deploying RLUSD within DriveWealth’s payment infrastructure to facilitate settlement processes. No additional parties or jurisdictions are mentioned in the source. The rollout is described as starting in Europe, with no timeline beyond that provided. The use covers settlement, funding through collateral mechanisms, and custody functions for the stablecoin. Ripple’s XRP Ledger hosts RLUSD, per the source. No details about regulatory approval, transaction volume, user numbers, or technical specifications are included.
