- Ripple launches RLUSD stablecoin with key exchange partners for global distribution.
- RLUSD stablecoin aims to bridge traditional finance with the crypto economy efficiently.
- RLUSD is issued under strict regulatory oversight, ensuring security and compliance.
Ripple announced the exchange partners for its new stablecoin, Ripple USD (RLUSD). This stablecoin is pegged to the USD, offering users trust, market accessibility, and strong legal standing. Ripple plans to position RLUSD as the primary stablecoin for enterprise use, particularly in payments, asset tokenization, and DeFi.
RLUSD will be listed on several major crypto trading platforms. Ripple stated that RLUSD will be distributed through partnerships with platforms like Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish.
Ripple CEO Brad Garlinghouse highlighted the strong demand for a high-quality stablecoin like RLUSD. He said that customers and partners have requested this type of stablecoin for various financial transactions.
Ripple will integrate RLUSD and XRP into its payment solutions to facilitate faster and more reliable cross-border payments.
Read also: Ripple’s RLUSD: Institutions-Only at Launch, CTO Confirms
The stablecoin will operate under the New York Trust Company Charter, meaning it meets strict regulatory oversight. Ripple has also established an RLUSD advisory board to guide the asset’s market introduction. Board members include former FDIC chair Sheila Bair, former CENTRE Consortium CEO David Puth, and Ripple co-founder Chris Larsen.
Bair emphasized the importance of stablecoins in modernizing financial infrastructure and increasing financial inclusion. She expressed support for Ripple’s compliance-first approach. Puth added that stablecoins act as a bridge between traditional finance and the digital economy, providing stability and benefiting from blockchain’s transparency.
Ripple’s RLUSD aims to address the increasing need for regulated stablecoins in the global market. With strong regulatory backing and key partnerships, Ripple believes RLUSD will drive crypto adoption and support secure, compliant enterprise solutions.
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