Ripple's Institutional Focus Yields Notable Milestones

Grayscale has highlighted Ripple's achievements in a recent interview with Jack McDonald, Stablecoins Senior Vice President. McDonald emphasized that Ripple's core mission is to serve institutional investors and build 'institutional-grade infrastructure' for value transfer.

The company has established partnerships with Mastercard, JP Morgan, Ondo Finance, among others, which aim to facilitate trade settlement on the XRP ledger. Ripple partnered with OKX last week, listing its stablecoin RLUSD on the exchange platform to enable trading across 280+ spot pairs.

RLUSD has grown in market cap to $1.6 billion since its launch in December 2024. McDonald stated that making RLUSD available across multiple exchanges is a priority for the project.