Ripple and C2FO announced on October 27 an initiative to settle C2FO Instant Pay payments through the XRP Ledger and the RLUSD stablecoin. Participating suppliers could receive their funds in seconds instead of waiting several days for bank transfers to clear. Ripple provides settlement on the XRP Ledger, while capital providers fund the payments, with no changes to invoice terms or payment due dates. Separately, Ripple and BNY expanded their collaboration on XRP and RLUSD custody and tokenized trade finance, including plans for clients to mint and redeem RLUSD directly through the bank. Ripple also received final approval from the US Office of the Comptroller of the Currency to establish Ripple National Trust Bank, which will provide federally supervised services covering RLUSD reserves and digital asset custody.
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