Ripple Launches RLUSD: Stablecoin Now Trading on Top Exchanges
Ripple’s RLUSD stablecoin officially launched on Dec. 17, aiming to revolutionize global payments with instant settlements, DeFi integration, and top-tier regulatory compliance.
Backed by U.S. dollar deposits, government bonds, and cash equivalents, RLUSD ensures transparency through monthly audits and NYDFS approval. It debuts on exchanges like Uphold, Moonpay, and Bitso, with more platforms to follow. Designed for financial institutions, RLUSD simplifies cross-border settlements, liquidity management, and fiat-to-crypto processes, offering compatibility with both the XRP Ledger and Ethereum.
Ripple’s strong regulatory foundation, expert advisory board, and $70 billion annual payments volume position RLUSD to set a new standard in digital finance.
Clever Robot News Desk 18th December 2024
