Ripple has announced a partnership with BlackRock to offer off-ramp support for BlackRock's tokenized money market fund, BUIDL. This collaboration allows BUIDL holders to swap their holdings 1:1 with Ripple's stablecoin, RLUSD, enhancing on-chain liquidity. The initiative, facilitated by Securitize, aims to provide faster and more efficient transactions. Ripple CEO Brad Garlinghouse highlighted the move as a significant utility for users, with plans to extend this feature to the XRPL ecosystem. A similar integration is anticipated for VanEck's VBILL fund soon.
Ripple Partners with BlackRock for On-Chain Liquidity in BUIDL Fund
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