Ripple Labs is the ultimate one-stop shop for payment solutions by institutions, the blockchain tech and crypto company’s managing director for the Middle East and Africa Reese Merrick shared on March 9.
Institutions, including banking and financial institutions, can make payments with XRP and RLUSD as Ripple combines fiat currencies, cryptocurrencies, stablecoins, and asset custody under one roof.
Related: Top Analyst Predicts 100% Upside for XRP in 2026
Launched in 2012 as OpenCoin, Ripple Labs is a fintech company that builds payment and financial infrastructure using blockchain technology. It developed and helped launch the XRP ledger in the same year, but the ledger is open source and runs independently with the support of validators from around the world.
The main token of the XRP ledger is XRP, which is the world’s fifth largest cryptocurrency with a market capitalization of $85 billion.
RLUSD is a stablecoin launched by Ripple in December 2024, which is pegged 1:1 to the US dollar. The value of one RLUSD is the same as one dollar. RLUSD has a market cap of over $1.5 billion.
According to Ripple, it has processed more than $100 billion in payments as of March 9. It serves more than 60 markets and 51 real-time financial trains.
Traditionally, organizations had to go to different vendors for different types of products.
Banks for payments in fiat currencies such as US dollars or euros, crypto companies for payments in cryptocurrencies and steel coins, and custodians for safe storage of digital assets.
According to Merrick, Ripple Labs aims to provide institutions with all these services under one roof.
Related: Explained: What is a stablecoin?
This story was originally published by The Street on March 10, 2026, where it first appeared in the Markets section. Add TheStreet as a Favorite Source by clicking here.
