⚡️WALL STREET SUCCESSFULLY TESTS 5-SECOND XRP SETTLEMENT
JPMorgan, Mastercard, Ondo Finance and Ripple completed a cross-border tokenized Treasury redemption on the XRP Ledger.
Settlement took roughly 5 seconds, versus 3 to 5 business days on traditional banking rails.
NEW: @Mastercard expands settlement to support regulated stablecoins including $USDC, $RLUSD and $PYUSD across Ethereum, Solana, Base, Arbitrum and XRPL.
UPDATE: SWIFT launches a new cross-border payments framework with 50+ banks including @JPMorgan, @HSBC, @Citi and @BNPParibas, promising instant settlement, fixed fees and end-to-end traceability across major remittance corridors by end of June.