Ripple unveils Ripple USD (RLUSD) Exchange partners and customers for Global distribution at Ripple Swell on October 15. Ripple USD (RLUSD) is an enterprise-grade, USD-dem=nominated stablecoin created with trust, liquidity, and compliances at its core.
Further, RLUSD is one of the few stablecoins issued under the New York Trust Company charter, providing rigorous oversight and regulation
Ripple USD (RLUSD) Exchange partners
According to official information, Ripple USD or RLUSD will be available globally through strategic partnerships for institutions and uses on major global exchanges and platforms, including Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish.
Moreover, the company is also introducing the RLUSD Advisory Board, which has deep experience in traditional finance, government, and regulation, which will guide the responsible introduction of RLUSD to the market.
The Ripple USD (RLUSD) Advisory Board members including
- Former FDIC Chair Sheila Bair
- Vice Chairman of Partners Capital and former CENTRE Consortium CEO David Puth
- Ripple Executive Chairman Chris Larsen
Ripple USD can be used for several cases
Moreover, RLUSD incorporates the stability of traditional fiat currencies with the efficiency of blockchain technology, making it ideal for financial use cases. Supported by Ripple’s enterprise experience and proven track record, RLUSD can be used for the following cases:
- Instant Payments: 24/7, settle globally with no intermediaries. Alongside XRP, RLUSD will also be incorporated into Ripple cross-border payment keys to continue improving transaction times, cost efficiency, and dependability.
- Seamless On/Off Ramps: RLUSD provides a stable, reliable bridge between traditional fiat currencies and the crypto ecosystem
- Tokenization of Real-World Assets (RAW): RLUSD provides a stable medium of exchange, reducing transaction volatility and costs.
“Stablecoins will play a key role in modernizing our financial infrastructure and broadening financial inclusion. I am honored to join Ripple’s advisory board as they launch their stablecoin with a compliance-first approach. As the digital assets industry grows, responsible innovation will be paramount to their adoption, prioritizing both consumer protection and financial stability,” said Sheila Bair, former FDIC Chair.
“I’m excited to join Ripple’s advisory board to support their efforts in the launch of RLUSD,” said David Puth, Vice Chairman of Partners Capital and former CENTRE Consortium CEO. “Stablecoins are a critical component in the evolution of the digital economy, providing a bridge between traditional finance and the crypto market. They offer the stability needed for transactions, while utilizing blockchain technology to enhance transparency and efficiency. Ripple has consistently demonstrated its commitment to building secure, compliant, and accessible enterprise solutions, and RLUSD is no exception.”
