Zero Hash Begins Integrating Ripple’s USD Stablecoin – PYMNTS.com

Cryptocurrency and stablecoin infrastructure platformZero Hash is integratingRipple’s RLUSD stablecoin.
The integration lets Zero Hash customers access RLUSD on theXRP Ledger andEthereum networks, according to a Wednesday (Feb. 5)press release.
“The addition of RLUSD to our ecosystem demonstrates Zero Hash’s commitment to providing our customers with access to the most innovative and regulated stablecoin technologies,” Zero Hash founder and CEOEdward Woodford said in the release. “Zero Hash now offers RLUSD to all partners who can seamlessly embed through our API and SDK. Zero Hash offers the tech stack that powers use cases spanning payouts includingStripe, on-ramping includingShift4 and tokenization payment rails includingFranklin Templeton.”
Zero Hash’s API and SDK infrastructure now supports more than 65 digital assets, including five stablecoins, across multiple chains, the release said.
The news came amid a changing cryptocurrency landscape in the United States, exemplified most recently by theSecurities and Exchange Commission’sCrypto Task Force going live.
“The SEC’s pivot isn’t happening in a vacuum,” PYMNTS wrote Wednesday. “Pressure is mounting from Congress, crypto investors and the White House to modernize theregulatory approach to digital assets.”
Meanwhile, the U.S. crypto and artificial intelligence “czar,” David Sacks, claimed Tuesday (Feb. 4) that while getting crypto legislation through Congress is “something takes time … it is something we could do in the next six months.”
Sacks could havebeen referring to abill sponsored by Sen.Bill Hagerty of Tennessee introduced this week,which is designed to create a predictable regulatory environment for stablecoins.
However, there are still many unresolved issueswhen it comes to thewider adoption of crypto.
The PYMNTS Intelligence report “Blockchain’s Benefits for Regulated Industries” found that blockchain technology has several potential benefits to meet the unique needs of sectors such as finance, healthcare, identity verification and supply chain management.
“The largest financial institutions are eager to exploretokenized assets,”Nikola Plecas, head of commercialization,Visa Crypto, told PYMNTS in October, adding that they first need regulatory certainty to do so at scale.
We’re always on the lookout for opportunities to partner with innovators and disruptors.

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