Today we are thrilled to formally announce our support for Ripple’s U.S.-dollar–backed stablecoin, Ripple USD (RLUSD), within the Bitwave Payments product.
The integration brings RLUSD to enterprise users and demonstrates real-world adoption: Bitwave used RLUSD to pay a live vendor invoice to Ripple in a business-to-business transaction completed entirely on-chain.
“We wanted to demonstrate the real enterprise utility of RLUSD in Bitwave Payments immediately,” said Pat White, CEO and Co-Founder of Bitwave. “The future of enterprise payments is instant, cheap, and fully reconciled within the finance stack.”
“Integrating RLUSD gives our customers a trusted, interoperable stablecoin option that works seamlessly across on-chain and traditional finance,” concluded White.
RLUSD is Ripple’s fully-backed U.S.-dollar stablecoin designed for speed, liquidity, and cross-chain interoperability. Our integration marks the first time enterprises can leverage RLUSD directly within an accounting-grade payments platform — enabling sending, receiving, and reconciling stablecoin transactions with complete audit trails and GAAP-compliant reporting.
Bitwave’s RLUSD integration was first discussed during our panel on B2B Payments and Stablecoins at last year’s Enterprise Digital Asset Summit (EDAS) in San Francisco. Two weeks later, Ripple and Bitwave co-hosted a networking event at Money 20/20 in Las Vegas, celebrating the milestone and the growing use of blockchain for institutional finance. The bar tab was settled in RLUSD.
We're excited for continued collaboration with Ripple to expand multi-chain payments, on-chain treasury, and vendor settlement workflows, showcasing RLUSD’s flexibility for a variety of use cases.
Ready to transform your payment workflows? RLUSD is available for demo in Bitwave Payments today.
Disclaimer: The information provided in this blog post is for general informational purposes only and should not be construed as tax, accounting, or financial advice. The content is not intended to address the specific needs of any individual or organization, and readers are encouraged to consult with a qualified tax, accounting, or financial professional before making any decisions based on the information provided. The author and the publisher of this blog post disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use or application of any of the contents herein.
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