Ripple partners with UK fintech LMAX, which will adopt RLUSD as collateral

Ripple has entered into a multi-year strategic partnership with UK-based fintech firm LMAX Group, The Block reported. As part of the agreement, Ripple will invest $150 million to support LMAX's asset diversification and growth. LMAX will also include Ripple's stablecoin, RLUSD, as a collateral asset for its global institutional trading.