Ripple expands its payment platform into a comprehensive stablecoin infrastructure.

PANews reported on March 4th, citing Tech in Asia, that Ripple has expanded its payment platform into a comprehensive fiat and stablecoin infrastructure, allowing businesses to collect, hold, exchange, and pay funds across 60 markets. This upgrade, based on its recent acquisitions of Palisade and Rail, adds custodial management, treasury automation, virtual accounts, and fiat and stablecoin settlement capabilities, all integrated into a single interface. Ripple stated that its platform has processed over $100 billion in transactions. Last year, global annual transaction volume reached $33 trillion, with stablecoins accounting for approximately 30% of on-chain activity.