Ripple Labs is the ultimate one-stop shop for payment settlements by institutions, the blockchain tech and crypto company’s managing director for the Middle East and Africa Reece Merrick shared on March 9.
Institutions, including banking and financial institutions, can pay with XRP and RLUSD as Ripple integrates fiat currencies, cryptocurrencies, stablecoins, and asset custody under a single roof, he highlighted.
Related: Top analyst predicts 100% upside for XRP in 2026
Launched as OpenCoin in 2012, Ripple Labs is a fintech company that builds payment and financial infrastructure using blockchain technology. It developed and helped launch the XRP Ledger the same year, but the ledger is open-source and runs independently with support from validators from across the world.
XRP Ledger’s native token is XRP, which is the world’s fifth-largest cryptocurrency with a market capitalization of $85 billion.
RLUSD is a stablecoin launched by Ripple in December 2024, which is pegged 1:1 to the U.S. dollar. The value of one RLUSD is the same as that of one dollar. RLUSD has a market cap of more than $1.5 billion.
As per Ripple, it has processed more than $100 billion in payments as of March 9. It serves more than 60 markets and 51 real-time financial rails.
Traditionally, institutions have to go to different vendors for different kinds of settlements.
Banks for payments in fiat currencies like U.S. dollar or euro, crypto firms for payments in cryptocurrencies and stablecoins, and a custodian for the secure storage of digital assets.
As per Merrick, Ripple Labs aims to offer institutions all these services under one roof.
Related: Explained: What is a stablecoin?
This story was originally published by TheStreet on Mar 10, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
