Digital asset infrastructure provider Ripple has announced the first batch of exchanges and platform partners for its upcoming RLUSD stablecoin, including Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA and Bullish. Market makers B2C2 and Keyrock will provide liquidity support for RLUSD. Ripple CEO Brad Garlinghouse said the RLUSD stablecoin will be integrated into Ripple's cross-border payment network and is designed for enterprise use cases, including real-time global payments, providing a stable bridge between fiat and cryptocurrencies, and supporting the tokenization of physical assets such as commodities and securities. RLUSD will be launched on the XRP Ledger and Ethereum blockchains, with each token 100% backed by US dollar deposits, US government bonds and cash equivalents. Ripple has also established an RLUSD Advisory Board, whose members include former US Federal Deposit Insurance Corporation (FDIC) Chairman Sheila Bair, former JPMorgan executive David Puth and Ripple co-founder and executive chairman Chris Larsen. (The Block)

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