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Ripple and Convera Expand Remittance Infrastructure With RLUSD Stablecoin Model

The companies say the integrated payments setup uses RLUSD in a stablecoin-based transfer flow and supports 140 currencies across nearly 200 countries.

Summary

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Terms & Concepts
  • RLUSD: Ripple’s U.S. dollar-pegged stablecoin, designed to maintain a fixed value for payments and settlement.
  • Stablecoin sandwich model: A payment structure that uses stablecoins between conversion steps to move value more efficiently across currencies.
  • Remittance infrastructure: The payment rails and services used to send money across borders between individuals or businesses.