Lynq and TBMC Complete Live Test of Stablecoin Conversion
Key Summary
Lynq and The Better Money Company have successfully completed a live test of converting client assets to RLUSD, Ripple's USD stablecoin, in just minutes, validating the first phase of their partnership and paving the way for institutional settlement infrastructure for digital assets.
Background
The test was conducted by Lynq, an institutional settlement network, and The Better Money Company (TBMC), a stablecoin clearinghouse.
Mechanics of the Test
Lynq provides a pre-funded workflow, which reduces the back-and-forth between transactions and enables faster settlement.
The Test
TBMC converted a client's assets held on Lynq into RLUSD, and the settlement wrapped up within minutes.
Implications
The successful test validates the first phase of the partnership and paves the way for institutional settlement infrastructure for digital assets.
Key Players
Lynq operates around the clock, 24/7, offering real-time transfers that are also interest-bearing.
The Better Money Company (TBMC) has a clearinghouse model designed to improve liquidity across different stablecoins.
Background Context
The collaboration sits inside a broader effort to rebuild institutional settlement rails for digital assets.
Future Implications
Any announcement of a Phase 2, new stablecoins joining TBMC's clearinghouse, or growth in Lynq's partner count beyond 30 would signal whether this test turns into a durable piece of institutional infrastructure.