Crypto
Ripple invests $150 million in LMAX to expand RLUSD stablecoin for institutions
Ripple is making a $150 million strategic investment in LMAX Group, a global institutional exchange operator, and has signed a partnership centred on its Ripple USD (RLUSD) stablecoin, The Block reported. Under a multi-year agreement, RLUSD is expected to become key collateral across LMAX’s institutional trading infrastructure. Institutional clients including banks, brokers and asset managers will be able to use RLUSD for margin and settlement across several trading products.
