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Ripple injects $150 million into LMAX to push RLUSD stablecoin for institutions

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TL;DR:

The deal will see LMAX embed Ripple's $1. 4 billion U.

Key Points:

  • Ripple invests $150M in LMAX to expand RLUSD use across FX and crypto markets
  • Story reported by 3 sources including Ripple injects $150 million into LMAX to push RLUSD stablecoin for institutions
  • Involves XRP cryptocurrency

    • Background:

    Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.

    Why It Matters:

    This development could influence XRP price action and market sentiment in the near term.

    Ripple injects $150 million into LMAX to push RLUSD stabl... | NewsCR