Independent Reserve (IR), Singapore’s first licensed cryptocurrency exchange, has taken a significant step by listing Ripple’s new USD-backed stablecoin Ripple USD (RLUSD). This makes IR the first exchange in Singapore to offer RLUSD to its clients. Starting today, Independent Reserve Singapore users can trade RLUSD on the platform’s order book and over-the-counter (OTC) trading desk. This new offering gives investor relations clients in Singapore access to faster and more cost-effective cross-border liquidity solutions, boosting global transaction speeds. Notably, RLUSD is a USD-pegged stablecoin available on the XRP Ledger and Ethereum networks. It can be used for a variety of applications, including cross-border payments and decentralized finance (DeFi). The stablecoin is fully backed by the USD, and Ripple will publish monthly third-party audits to confirm its reserve assets..$XRP