Ripple Invests $150M in LMAX Group to Boost Institutional Stablecoin Use
Ripple is providing $150 million in financing to LMAX Group. According to the announcement, the financing will support LMAX Group as it integrates RLUSD as collateral across its institutional trading venues. The development aims to expand the institutional use of stablecoins. The investment signals growing interest in stablecoins and their role within institutional trading environments.
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