Ripple launches RLUSD stablecoin, partnering with major exchanges, pending NYDFS approval.

Ripple has unveiled its USD-backed stablecoin, RLUSD, designed for enterprise use and cross-border payments. It has partnered with major exchanges like Uphold and Bitstamp, and liquidity support comes from market makers B2C2 and Keyrock. RLUSD is pending approval from the New York Department of Financial Services and aims to ensure transparency through monthly audits. Ripple's advisory board includes notable figures like former FDIC Chair Sheila Bair, highlighting its commitment to regulatory compliance.

October 15, 2024
10 Articles