Fed Reserve FedNow Integrates Ripple’s RLUSD for Faster Payments

The U.S. Federal Reserve is integrating Ripple’s RLUSD stablecoin into its FedNow payment system to improve transaction efficiency and reduce costs. Pegged 1:1 to the US dollar, the RLUSD is supported by US dollar deposits, government bonds, and cash equivalents, which guarantee stability and transparency in the financial system. This project is a component of the Fed's larger plan to... source: https://www.coingabbar.com/en/crypto-currency-news/fednow-adopts-ripples-rlusd-to-modernize-instant-payments