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<ul class="wp-block-list news-points">
 <li>Ripple and Mercy Corps Ventures have expanded their partnership.&nbsp;</li>
 <li>The two companies will work towards the adoption of RLUSD stablecoin.</li>
 <li>Ripple has pledged a substantial $5.5 million to support MCV.</li>
</ul>
Ripple, the American fintech firm, and Mercy Corps Ventures (MCV) have expanded their partnership to focus on the adoption of the RLUSD stablecoin. This blockchain-based token is pegged to the US dollar and is currently in beta testing.
As per an <a href="https://ripple.com/insights/unlocking-opportunity-ripple-and-mercy-corps-ventures-expand-partnership-to-equip-emerging-market-entrepreneurs/" target="_blank" rel="noopener noreferrer nofollow">announcement</a>, the two firms will expand their “Unlocking Opportunity” program to support emerging entrepreneurs and small to medium-sized enterprises (SMEs) in the digital asset space. The program aims to help those building solutions for financial resilience through blockchain and fintech innovation.
Read also : <a href="https://coinedition.com/xrp-breaks-1-can-it-overcome-the-sec-lawsuit-and-thrive/" rel="noopener noreferrer nofollow">XRP Breaks $1, But Can It Overcome SEC Lawsuit and Thrive?</a>
Ripple will provide technical and financial support, using the XRP Ledger (XRPL) and RLUSD to focus on use cases like savings, remittances, micropayments, and tokenization. Ripple has pledged $5.5 million to support Mercy Corps Ventures and its focus on scalable solutions.
It is important to note that over the past three years, Ripple and Ripplewo…
The post <a href="https://coinedition.com/ripple-and-mcv-partner-to-drive-rlusd-stablecoin-adoption/" rel="noopener noreferrer nofollow">Ripple and MCV Partner to Drive RLUSD Stablecoin Adoption</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Ripple and MCV Partner to Drive RLUSD Stablecoin Adoption

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