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GUSD Minting
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#Ripple Institution and Riyad Bank Shape the Future of Money in the Kingdom
A strategic partnership bringing together tech giant #البلوكشين , Ripple, and one of Saudi Arabia's largest financial institutions, Riyad Bank.
This agreement, through the bank's innovation arm "Jil," aims to explore new horizons for cross-border payments and digital asset custody, in line with Saudi Arabia's ambitious Vision 2030 to digitize the economy.
This alliance comes amid increasing interest from major financial institutions in integrating digital asset technologies into their infrastructure, with Riyad Bank leveraging its vast capabilities to lead this financial transformation. This step affirms the Kingdom's position as an emerging hub for financial innovation in the region.