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ARTICLE · 28 OCTOBER 2024

Weekly Blockchain Blog – October 21, 2024

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In recent press releases, U.S. crypto companies Paxos and Ripple announced new stablecoin products and partnerships. Paxos announced the launch of a new stablecoin payment platform that supports instant.

United StatesTechnology
Robert A. Musiala Jr.
Robert A. Musiala Jr.
Isabelle Corbett Sterling
Isabelle Corbett Sterling
Keith R. Murphy
Keith R. Murphy
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Crypto Companies Announce New Stablecoin Products and Partnerships

By John Robertson

In recent press releases, U.S. crypto companies Paxos and Ripple announced new stablecoin products and partnerships. Paxos announced the launch of a new stablecoin payment platform that supports instant conversions between USD and PYUSD, USDP, and USDC. According to the press release, the platform is already being utilized by a major U.S. fintech and payments company.

Ripple's press release announced that its stablecoin Ripple USD (RLUSD) will be available globally on several major exchanges, including Uphold, Bitso, MoonPay, Independent Reserve, CoinMENA and Bullish. The press release also announced the advisory board for RLUSD.

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