Ripple Reveals Exchange Partnerships Ahead of RLUSD Stablecoin Debut
Ripple has launched its new USD-denominated stablecoin, RLUSD, in partnership with major platforms such as Uphold, Bitstamp, Bitso, Moonpay, Independent Reserve, Coinmena, and Bullish.
Fully backed by U.S. dollar reserves, government bonds, and cash equivalents, RLUSD aims to provide enhanced financial solutions while ensuring transparency and stability. Ripple’s CEO, Brad Garlinghouse, emphasized RLUSD’s utility across various applications, including payments and decentralized finance.
The company will publish monthly third-party audited attestations to verify the stablecoin’s reserves, reinforcing its commitment to transparency. Ripple’s advisory board includes former FDIC Chair Sheila Bair, ensuring a robust rollout as market makers support RLUSD’s liquidity.
Clever Robot News Desk 17th October 2024
