Ripple to bring RLUSD stablecoin to Bahrain via new partnership

As part of its cooperation with Bahrain Fintech Bay, Ripple aims to bring its custody solution and RLUSD stablecoin to Bahrain’s financial institutions.

Ripple, a major blockchain company and issuer of the XRP cryptocurrency, is expanding operations in the Kingdom of Bahrain through a partnership with a local fintech ecosystem builder.

Ripple on Thursday announced a strategic partnership with Bahrain Fintech Bay (BFB), a major local fintech incubator closely collaborating with government partners, including the Central Bank of Bahrain (CBB).

As part of collaboration, Ripple and BFB will work together to contribute to Bahrain’s digital asset ecosystem, including running fintech pilot projects and testing solutions in areas including cross-border payments, stablecoins, tokenization and more.

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