Convera and Ripple Tap Stablecoins to Speed Up Cross-Border Payments

Ripple, which has long used blockchain infrastructure to facilitate cross-border payments for businesses, has introduced its Unified Stablecoin Platform, bringing stablecoin issuance, transfers and settlement into a single workflow. For multinational companies, the platform is designed to reduce the layers of correspondent banks involved while improving visibility into fund flows and accelerating payments.

The latest reports say Ripple is using the platform to drive global enterprise adoption, allowing customers to make and settle cross-border payments with stablecoins. As of July 20, 2026, available information did not disclose the investment amount, transaction volume, initial enterprise customers or number of countries covered. Attention will now turn to the formal launch date, regulatory progress and actual payment volumes.

Ripple has long provided cross-border payment services to banks and fintech companies, using its U.S. dollar stablecoin RLUSD to connect digital assets with the traditional financial system. It integrated custody provider Palisade and Rail, the stablecoin payments platform it acquired for $200 million in 2025, adding wallet, asset-management and settlement capabilities.

Ripple Payments recently expanded its services, allowing customers to hold and convert funds and settle cross-border transactions in fiat currencies or stablecoins on a single platform. The offering covers collections, treasury operations and payouts. Ripple said the platform had processed more than $100 billion in cumulative volume as of July 2026, with a focus on serving banks and fintech institutions.