Ripple and Zand Bank partner to launch RLUSD and AEDZ stablecoin liquidity bridge on XRP Ledger, advancing the UAE’s digital economy with regulated custody solutions.
Ripple’s teaming up with Zand Bank again. This time it’s way bigger than before. The two companies announced they’re launching a stablecoin bridge. It’ll connect Ripple’s RLUSD with Zand’s AEDZ token. And it’s all happening on XRP Ledger.
Two Stablecoins, One Powerful Network
According to Reece Merrick on X, the partnership’s getting extended. He tweeted that Zand’ll provide regulated custody for RLUSD. Plus, they’re building direct liquidity between both stablecoins.
But that’s not all. AEDZ is coming to XRPL, too.
Merrick noted that last year’s payments deal started this. Now they’re exploring way more use cases. The focus seems clear – make stablecoins work together.
What This Means for Digital Assets
Zand Bank posted on X about the collaboration. They called Ripple a leading blockchain enterprise provider. Makes sense, probably.
The bank said they’re advancing the digital economy. Their tools? Blockchain tech, tokenization, and stablecoins. AEDZ represents the UAE dirham, and RLUSD backs the dollar.
“Leveraging stablecoins, blockchain technology, and tokenization can unlock powerful new use cases,” Zand tweeted. They see traditional finance moving on-chain soon. This partnership looks like a big step forward.
The digital asset ecosystem is growing fast. Both companies wanna be at the center.
Regulated Custody Changes Everything
Here’s where it gets interesting – regulated custody. Zand is offering this for RLUSD within their platform. That’s kinda huge for institutional players.
Banks don’t usually touch crypto assets easily. But Zand’s regulated in the UAE. So they can provide proper custody solutions.
This might open doors for bigger institutions. They’ve been sitting on the sidelines mostly. Now there’s a regulated way in.
Direct liquidity between RLUSD and AEDZ matters too. Users won’t need multiple conversion steps anymore. Swap one stablecoin for another directly.
XRPL Gets Another Stablecoin
AEDZ’s gonna launch on XRP Ledger eventually. That adds another major stablecoin to the network. XRPL already hosts RLUSD and others.
More stablecoins mean more liquidity options. Traders and businesses get better choices. The network becomes more useful overall.
Ripple’s been pushing hard for stablecoin adoption. This partnership fits their strategy perfectly. They’re building an ecosystem, not just one product.
The UAE’s been crypto-friendly for years now. Dubai and Abu Dhabi want digital finance hubs. Zand’s positioned right in that space.
Look, this partnership could reshape how stablecoins work. At least in the Middle East region.
