Ripple has launched its Ripple CBDC Platform, which is designed to provide a seamless solution for issuing, managing, and distributing central bank digital currencies (CBDCs) and stablecoins. The platform is expected to revolutionize the financial services industry, as more than 90% of countries are exploring the development and implementation of CBDCs to increase financial inclusion, lower costs, and reduce risks associated with domestic and cross-border payment processes. Leveraging blockchain technology used on the XRP Ledger, the Ripple CBDC Platform enables central banks and governments to bring the next level of digitization to their financial services while promoting access to millions of people around the world who are unbanked. The platform offers a range of features, including ledger technology built on a new private ledger underpinned by the XRPL’s core energy-efficient technology, and enables issuers to manage the full life cycle of their fiat-based digital currency in a highly secure manner.