CoinVoice has learned that, according to CrowdFund Insider, Bitso, a leading cryptocurrency exchange in Latin America, announced the launch of the stablecoin RLUSD issued by Ripple. This stablecoin is pegged to the US dollar at a 1:1 ratio and is fully backed by equivalent US dollars and cash equivalents, primarily aimed at cross-border payment scenarios.

Bitso CEO Daniel Vogel stated that the company's long-term partnership with Ripple has facilitated multiple innovative application scenarios, including cross-border payments. RLUSD will be provided through the RLUSD/MXN trading pair on the Bitso Alpha platform, allowing users to deposit and withdraw in the form of Ethereum ERC-20 tokens. [Original link]