Ripple Announces RLUSD Stablecoin Launch on Global Exchanges

RLUSD will initially be available on exchanges such as Uphold, Bitso, MoonPay, Archax, and CoinMENA. More platforms, including Bullish, Bitstamp, Mercado Bitcoin, Independent Reserve, and Zero Hash.

Each RLUSD token is fully backed by U.S. dollar deposits, U.S. government bonds, and cash equivalents.  Ripple will also publish monthly third-party attestations of RLUSD’s reserve assets, conducted by an independent auditing firm, for full transparency.

RLUSD Sets New Standard with Regulatory Backing and Global Partnerships

“We wanted to set the bar high by launching RLUSD under the NYDFS limited purpose trust company charter, widely seen as the gold standard for regulatory oversight,” said Brad Garlinghouse, Ripple’s CEO. “As U.S. regulations take shape, stablecoins like RLUSD—backed by years of industry trust and expertise—will play a pivotal role in global financial systems.”

According to its blog post, RLUSD’s partnerships with leading exchanges, market makers, and payment providers will drive adoption across regions such as the Americas, Asia-Pacific, the UK, and the Middle East. RLUSD is built for financial use cases, allowing institutions to:

  • Facilitate instant settlement of cross-border payments.
  • Access liquidity for remittance and treasury operations.
  • Seamlessly integrate with decentralized finance (DeFi) protocols.
  • Bridge traditional fiat currencies and the crypto ecosystem, making the on-ramping and off-ramping process smooth and efficient.
  • Serve as collateral for trading tokenized real-world assets like commodities, securities, and treasuries on-chain.

Ripple also plans to use RLUSD in its payment platform, Ripple Payments, to facilitate global payments for enterprise customers. Ripple Payments has already processed over $70 billion in payments, serving more than 90 markets and covering more than 90% of the global FX market.

Available on both the XRP Ledger and Ethereum blockchains, RLUSD offers flexibility and scalability for a wide range of financial applications, helping bridge the gap between traditional finance and the crypto world.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

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