Ripple USD stablecoin to debut trading tomorrow

Ripple’s RLUSD stablecoin will debut on Dec. 17 on platforms including Uphold, MoonPay, Archax, and CoinMENA, the company has stated.

Ripple, the blockchain firm behind XRP, confirmed that its Ripple USD (RLUSD) stablecoin will begin trading globally tomorrow, Dec. 17.

RLUSD, a new US dollar-backed stablecoin developed by Ripple, is ready for its global market debut, the firm announced to Cointelegraph on Monday, Dec. 16.

The announcement came after the New York Department of Financial Services (NYDFS) approved the launch of RLUSD on Dec. 10, greenlighting the stablecoin’s entry into global financial and cryptocurrency markets.

Ripple also announced key appointments to its RLUSD advisory board, including a former Reserve Bank of India governor.

Initial RLUSD Availability Locations

Introduced in June, RLUSD is a 1:1 stablecoin backed 100% by US dollar deposits, short-term US Government Treasury bonds, and other cash equivalents.

At launch, Ripple's RLUSD stablecoin will initially be available on major cryptocurrency platforms and exchanges, including Uphold, MoonPay, Archax, and CoinMENA, according to the announcement.

In the coming weeks, RLUSD is expected to be listed on platforms including Bitso, Bullish, Bitstamp, Mercado Bitcoin, Independent Reserve, Zero Hash, and others.

Looking ahead to global adoption of its RLUSD stablecoin, Ripple expects its partner network to drive its use across the Americas, Asia-Pacific, the United Kingdom, and the Middle East regions.

RLUSD coming to global payments in early 2025

In addition to offering a new enterprise-grade regulated stablecoin, Ripple plans for RLUSD to serve as a cross-border settlement and treasury remittance tool.

Ripple plans to integrate RLUSD into its digital payment protocol, Ripple Payments