Ripple, the powerhouse behind blockchain company XRP, has confirmed that its Ripple USD (RLUSD) stablecoin will begin trading globally tomorrow, December 17.

RLUSD will enter the global financial and cryptocurrency markets as a new stablecoin backed by the US dollar, following approval by the New York Department of Financial Services (NYDFS) on December 10.

Initially available on major crypto platforms such as Uphold, MoonPay, Archax and CoinMENA, RLUSD will also be listed on platforms such as Bitso, Bullish and Bitstamp in the coming weeks.

Ripple plans to use RLUSD for global payments and has added prominent names to its advisory board. Share your thoughts in the comments.