- Ripple partners with Aeon for RLUSD and XRP payments.
- Integration covers 20 million merchants globally.
- May drive adoption and liquidity in digital payments.
Ripple and Aeon have partnered to integrate RLUSD and XRP payments at over 20 million merchants worldwide.
RLUSD’s merchant network access increases stablecoin utility and promotes competition with USDC. Ripple and Aeon have collaborated to integrate RLUSD and XRP payments into the AEON Pay network. Support will extend to over 20 million merchants globally. This collaboration marks a significant advancement in enabling stablecoin transactions across Southeast Asia and Nigeria.
The collaboration involves major players such as Ripple and Aeon. Ripple aims to enhance digital payment adoption, while Aeon provides the extensive merchant platform. This integration enhances access to payments for both online and offline marketplaces.
The immediate effects include increased transaction volumes and liquidity for RLUSD and XRP. The integration supports broader adoption, positioning these assets favorably in the digital payments market. The initiative also aligns Aeon with global digital payment trends.
This partnership underscores essential technological progress in cryptocurrency usage, especially with RLUSD issued under a NYDFS-chartered legal entity. Gracy Chen, CEO of Bitget, stated,
“We’re excited to partner with Ripple, a team that has consistently pushed forward the adoption of crypto… RLUSD stands out as one of the few stablecoins issued by a NYDFS-chartered limited purpose trust company, placing it in a uniquely clear regulatory framework. This is particularly important for institutions seeking transparency and compliance in today’s evolving digital asset landscape. Listing RLUSD also aligns with our 2025 strategy to expand institutional offerings and build a more robust, trusted ecosystem.”
This move parallels historical stablecoin integrations like USDC’s merchant adoption success. The partnership is likely to enhance Ripple’s global payment infrastructure, facilitating a shift towards regulated, transparent payment networks. Bitget, a crypto exchange, emphasizes the alignment of listing RLUSD with strategic objectives to develop a trusted ecosystem.
Ripple’s strategic push into stablecoins and digital payment infrastructure reflects broader trends in financial technology, aiming for increased adoption and regulatory compliance. Institutional interest, spurred by transparency and stability, could see Ripple’s market position strengthened.
