The U.S. Federal Reserve is actively exploring the integration of Ripple's technology into its FedNow payment system, focusing particularly on the Ripple USD (RLUSD) stablecoin. RLUSD is a proposed stablecoin by Ripple, pegged on a 1:1 basis with the U.S. dollar. Importantly, RLUSD differs from XRP, the cryptocurrency.
This exploration signifies a significant step in potentially revolutionizing the realm of financial transactions within the FedNow system. It demonstrates the growing interest and adoption of blockchain-based technologies by central financial institutions. By considering the integration of RLUSD, the Federal Reserve is looking to increase efficiency and streamline payment processes.
स्रोत: coinedition.com ↗