What Banks and Governments like Banks and Governments will arrive at the Ripple Stablecoin

Austin King, co -founder of Omni Network, shared that the ISO 20022 standard could reach Rlusd, the Ripple Stablinin. Ensures that ISO 20022 has a capital importance that few people understand.

What did XRP prioritize before any other cryptocurrency and process more than USD 434,000,000 every day? ISO 20022 – Few people understand how important this is. Using OMNI we are developing a mechanism to take this to RLUSD. This is what is coming.

Austin King, Omnifdn co -founder.

He ISO 20022 standard It is a set of international standards for the exchange of financial data between banks and companies. This standard provides a common framework for financial messaging, facilitating communication between different platforms and networks.

For King, according to Your post in xISO 20022 is the way to boost changes from cryptocurrencies to the traditional financial system, which does not happen because developers would tend to focus too much on the technology of their own work frame.

The OMNIFDN co -founder provides its own definition on the ISO 20022 standard. “ISO 20022 is a messaging format that creates interoperability throughout the traditional financial system,” he says.

The standard would be important because using it It would offer competitive advantage in the market now that Donald Trump is president of the United Statesand because other important banking institutions use it.

The largest banks in the world, such as JP Morgan and Deutsche Bank, use this rule. Now that Trump is president, the projects that prioritized ISO 20022 have a huge competitive advantage.

Austin King, Omnifdn co -founder.

Combining OMNI, the interoperability protocol between cryptocurrency chains of which it is co -founder with ISO 20022, “we can uniquely position Rlusd to increase adoption both in decentralized finances (defi) and in traditional finance (tradfi).

Likewise, the Executive considered that Ripple It is the best positioned company in the world to token the traditional financial system.

This asserts and puts the relationship between all companies, ecosystems and currencies involved: OMNI, Ripple, XRP and RLUSD, the stable currency anchored to the dollar. “XRP will become the platform that banks will use to tokenize billion assets. Omni will distribute those assets in all chains, putting XRP in the center of the chain economy, ”said Austin King.

Rlusd takes advantage of USDT?

The Executive says that his initiative will turn Rlusd “in the first Stablcoin compatible with ISO 20022”. This implies that, now that the CBDC in the United States were prohibited, Ripple, the company that issues Rlusd, It could have a competitive advantage over the rest of the stable cryptocurrenciessuch as USDT or USDC, to be adopted by large institutions.

As Cryptonotics reported, a career between companies and stable cryptocurrency technologies recently started in the United States.

This is not only that the CBDC were prohibited; Donald Trump signed an executive order on January 23 to support the growth and promotion of stablcoins backed by the US dollar. The stablecoins, then, seem the most viable financial technology thanks to which national currencies will have an important role in the future of digital finances.