Digital asset infrastructure provider Copper has added Ripple’s U.S. dollar-pegged stablecoin, RLUSD, to its Stablecoin Rewards Program.
The integration allows Copper’s institutional clients to earn yield on RLUSD while holding the asset within the firm’s custodial environment.
By offering yield directly through its custody platform, Copper allows enterprise clients to generate returns without having to actively interact with decentralized finance (DeFi) protocols or manage trading positions.
RLUSD, which is issued natively on both the XRP Ledger and the Ethereum network, is backed one-to-one by a combination of U.S. dollar deposits and cash equivalents.
The token joins a growing roster of stablecoins supported in Copper’s yield program, which already includes USDC, USDe, USDtb, PYUSD, USX, and USDG.
Growing demand
The move comes as traditional financial institutions increasingly demand regulated digital dollar instruments paired with secure collateral management.
“Regulated stablecoins, with secure custody and efficient collateral management will play a critical role in accelerating the institutional adoption of digital assets,” said Copper CEO Amar Kuchinad, noting that RLUSD meets the firm’s institutional standards for security and transparency.
For Ripple, the integration is part of a broader strategy to embed its newly launched stablecoin into established institutional plumbing.
Aditya Turakhia, Ripple’s Vice President of Trading and Markets, stated that the partnership places regulated stablecoin liquidity “at the centre of the infrastructure businesses already rely upon.”
Be the first to comment