Ripple’s RLUSD Stablecoin Arrives in Singapore, Changing the Market Landscape

Independent Reserve (IR), a licensed crypto exchange in Singapore, has launched Ripple USD (RLUSD), Ripple’s USD-backed stablecoin.

This makes IR the first exchange in Singapore to list RLUSD, providing its clients with faster, cheaper, and more efficient cross-border liquidity. With RLUSD integrated into the XRP Ledger and Ethereum networks, it enables smoother international transactions and supports various use cases, including payments and decentralized finance (DeFi).

IR’s CEO, Lasanka Perera, highlighted the stablecoin’s growth and its potential for enhancing secure capital movement. Customers can trade RLUSD against Singapore dollars or U.S. dollars on the platform.

Clever Robot News Desk 27^th December 2024