DriveWealth to Launch RLUSD Settlement in Europe, Eyes U.S. Expansion
DriveWealth plans to begin Ripple-backed RLUSD settlement operations in Europe before expanding to the U.S.
DriveWealth plans to begin Ripple-backed RLUSD settlement operations in Europe before expanding to the U.S. XRP (XRP) is trading at $1.29, down 0.8% since this brief published. This is an original TLT brief based on reporting by CryptoNews, with live market data added, as of Sun, 18 Oct 2026 06:00:04 UTC.
This development marks a significant step in the adoption of Ripple's stablecoin RLUSD for cross-border settlements, potentially increasing its use in international financial transactions.
- DriveWealth to start RLUSD settlement in Europe, plans U.S. expansion later.
- RLUSD has a $2.43B circulating supply, according to DeFiLlama.
- Move could boost RLUSD's role in international payments and custody.
DriveWealth, a fintech firm, is set to launch Ripple's RLUSD stablecoin for settlement operations in Europe, according to CryptoNews. The company intends to expand these services to the U.S. at a later stage, though specific timelines for both launches remain undisclosed.
The move underscores Ripple's ongoing efforts in the payments and custody sectors, with RLUSD playing a central role in these initiatives. The stablecoin, which has a circulating supply of $2.43B according to DeFiLlama, is designed to facilitate efficient cross-border transactions.
Currently, Ripple's payments and custody solutions are in different stages of development and deployment. The European rollout of RLUSD settlement could provide a significant boost to these efforts, potentially increasing the stablecoin's adoption in international financial transactions.
In the broader market context, the total crypto market cap stands at $2.81T, with 
Bitcoin showing a modest 24-hour gain of 0.25% and trading at $44,200. 
XRP, Ripple's native token, is currently priced at $1.3, down 1.01% in the last 24 hours and 6.67% over the past week.
The Fear & Greed Index remains at 53, indicating a neutral market sentiment. RLUSD itself is valued at $1 with a 24-hour change of +0.02%, reflecting stability in its price.
Since this brief published about 2 days ago, XRP (XRP) has moved from $1.30 to $1.29 — -0.77%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₦1,762.16 (about $1.29), down 1.2% over 24 hours. The naira itself trades about 2.5% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 18, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
DriveWealth to Launch RLUSD Settlement in Europe, Eyes U.S. — questions & answers
What is RLUSD and why is it important?
RLUSD is a stablecoin by Ripple designed for cross-border settlements, aiming to provide stability and efficiency in international transactions.
How much is RLUSD's circulating supply?
RLUSD has a circulating supply of $2.43 billion, as reported by DeFiLlama.
When will DriveWealth launch RLUSD in the U.S.?
The exact timeline for the U.S. launch is not specified, but it will follow the European rollout.
How much is 1 XRP worth in naira today?
About ₦1,762.16 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.29. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Has XRP's price moved since this brief was published?
XRP is down 0.77% since this brief first published — trading at $1.29 now versus $1.30 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from CryptoNews. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.