Abu Dhabi ORQO Group plans to provide revenue platform for Ripple stablecoin RLUSD

Odaily Planet Daily News ORQO Group was established in Abu Dhabi with assets under management of US$370 million, integrating four traditional and crypto financial institutions, Mount TFI, Monterra Capital, Nextrope and Soil. Through its Soil platform, the Group will provide Ripple's RLUSD stablecoin with private credit-based on-chain revenue services on XRP Ledger. ORQO has obtained Polish and Malta licenses and is applying for Abu Dhabi’s global market regulation license. It will open a number of RLUSD credit pools in the future to provide revenue opportunities for institutional and agreement funds. (CoinDesk)