Ripple and Privy partnered on stablecoin wallets.
The pair announced a partnership to make it easier to engage with stablecoin wallets on the XRP Ledger. Privy’s wallet capability aims to scale RLUSD stablecoin and agentic commerce activity.
A few days earlier, Ripple similarly announced Standard Chartered RLUSD custody plans to make an impact on the institutional front.
Privy’s team works with Bridge under the Stripe name (both companies were acquired) to support stablecoin adoption among enterprise and business users.
A few weeks ago, Privy’s CEO Henri Stern became head of all Stripe’s crypto and stablecoin efforts following Zach Abrams’s role in OpenStandard.
Ripple and RLUSD Stablecoin
Ripple has undertaken a unique strategy for 2025 and 2026.
The company has evolved into a TradFi player acquiring and transforming high volume, cash-flowing businesses – such as GTreasury and HiddenRoad – using its digital asset solutions.
But it is also one of the stablecoin issuers fighting for market share.
RLUSD was launched at the end of 2024 as part of a clear stablecoin trend and currently sits in the top 10 stablecoins market cap per TokenTerminal metrics. Last month, the company released its August RLUSD stablecoin reserves.
Audited by Deloitte, the attestation report showed its supply and asset allocation increased to $2.46B. Back in April this was around $1.5B, showing consistent RLUSD adoption since then. The supply is split between XRPL and Ethereum networks.
More broadly, Ripple is expanding its licensing, tokenization, and institutional partnerships.
