When global companies manage billions in foreign currency, sudden exchange rate fluctuations can significantly impact their profits. For this reason, FX hedging has become a crucial tool for corporate treasuries seeking to protect their assets from volatile markets. 2024 data shows that an astounding 86% of European and 82% of North American companies utilize some form of FX hedging, while the global average stands at around 48%. This suggests that there’s a strong case for finding alternative solutions to traditional methods like forwards, options, and swaps. Ripple offers one such solution with XRP. The cryptocurrency has been used in various cross-border transactions, and its speed and cost-efficiency make it a competitive option for companies dealing with multiple currencies.