Singapore, 30 September 2025 — FOMO Pay, a leading Singapore-based major payment institution, today announced its support of Ripple’s USD-backed, enterprise-grade stablecoin RLUSD in cross-border transactions.
The strategic integration of Ripple USD (RLUSD), Ripple's enterprise-grade stablecoin, into FOMO Pay's digital payment services directly addresses the accelerating global demand for digital asset transactions. Stablecoin transaction volume reached $4.6 trillion across 1 billion transactions in H1 2025 alone, nearly matching the full-year total of $5.7 trillion in 2024. [1] This surge underscores the clear mainstream adoption of regulated digital assets, recognized for their transparency, low-cost, and real-time settlement capabilities which are essential for optimizing international capital flows.
RLUSD sets the standard for stablecoins, combining innovative functionality with the regulatory rigor and credibility of an NYDFS-issued New York limited purpose trust company. Backed 1:1 by U.S. dollar deposits and short-term U.S. government bonds, it is purpose-built for trust, utility and compliance. Since its launch in December 2024, RLUSD has experienced strong global adoption, exceeding $700 million in market capitalization.
Through this integration, FOMO Pay can offer merchants greater flexibility, faster settlements, as well as improved transparency in local and cross-border payments across Southeast Asia, Greater Bay Area, and the Middle East & North Africa regions. This development furthers both companies' commitment to accelerating the real-world adoption of compliant stablecoins, giving businesses and merchants more payment choices.
Louis Liu, Founder and CEO of FOMO Pay, said, “Our integration of RLUSD marks a significant step forward in enhancing the efficiency and accessibility of both local and cross-border payments. We are not just enabling merchants and businesses to accept, collect and payout digital assets, we are also building the foundation for innovative solutions in payments, cross-border transactions, treasury management, and more. We are excited to explore new ways to leverage RLUSD and Ripple's robust blockchain infrastructure to further unlock tangible benefits for businesses. ”
[1] FXC Intelligence, The State of Stablecoins in Cross-Border Payments, July 2025.
About FOMO Pay
Founded in 2015, FOMO Pay is a Major Payment Institution licensed in Singapore, Hong Kong and the United Arab Emirates. The firm has become a leading one-stop digital payment, digital banking, and digital asset solution provider. It is currently building Asia's fully licensed financial platform, helping institutions and businesses connect between traditional and next-generation financial services. The firm offers its three flagship products:
• FOMO Payment – One-stop digital payment solution for merchants, corporates and financial institutions
• FOMO iBank – Facilitate businesses' everyday requirements for transactional banking needs
• FOMO Treasury – One-stop digital asset services provider bridging Web 2.0 & Web 3.0
Visit www.fomopay.com for more information. For media inquiries, contact marketing@fomopay.com.
About Ripple USD (RLUSD)
RLUSD is a stablecoin valued one-to-one to the US dollar, offering a blend of stability, efficiency, and regulatory compliance. RLUSD addresses the critical need for a liquid, trustworthy and compliance-focused stablecoin, making it an ideal choice for a variety of applications and use cases, from cross-border payments to decentralized finance. Issued natively on both the XRP Ledger and Ethereum networks, RLUSD leverages the strengths of these platforms to meet diverse user needs. Compliance is a cornerstone of RLUSD, reflecting Ripple's commitment to regulatory adherence. As a regulated financial institution, Ripple leverages its global portfolio of licenses to ensure RLUSD meets all applicable regulations and industry best practices.
