Krutika Adani
The primary application of XRP Ledger is to process all the cross-border settlements of banks that use Ripple.
Ripple’s on-demand liquidity (ODL) business also relies on XRPL for swapping currency pairs.
Ripple’s latest venture into the RWA space with Abrdn’s 3.8 billion pound fund also uses XRPL to tokenize the fund.
RLUSD is Ripple’s native stablecoin and is issued on XRPL blockchain.