The world's largest digital asset manager, Grayscale, is throwing its name into Ripple’s institutional story.
- Grayscale is highlighting Ripple's advancements, particularly focusing on the adoption of its regulated stablecoin, RLUSD.
- Ripple's SVP, Jack McDonald, emphasized the firm's commitment to institutional-grade infrastructure and partnerships with major players like Mastercard, JP Morgan, and OKX to drive RLUSD adoption and utility.
- RLUSD has achieved significant milestones since its launch, including a $1.6 billion market cap, with future plans focused on expanding exchange availability and developing long-term use cases.
Topics: Asset types, Infrastructure providers, Institutional adoption, Stablecoins digital cash, Tokenization platforms, Asset manager initiatives
Tags: #ripple #rlusd #grayscale #stablecoin #institutionaladoption #xrpledger #mastercard #jpmorgan #ondofinance #okx
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