Ripple Agrees to $150M Financing Deal With LMAX

Ripple has approved a new $150 million plan tied to a deal with UK-based trading group LMAX. The goal is to help more large financial firms use Ripple’s new dollar stablecoin, RLUSD, for everyday trading and settlement. XRP’s price barely moved after the announcement, which suggests traders saw this as a long-term business move rather than quick trading news. It also lines up with what a lot of banks and institutions want right now, blockchain tools that actually fit into how real financial markets alread ...