Ripple's RLUSD stablecoin will launch today on the following exchanges:
Uphold, Moonpay, Coinmena, Archax, and Bitso, with early participation from Bullish, Mercado Bitcoin, Zero Hash, Independent Reserve, and Bitstamp.
Ripple announced that Ripple USD (RLUSD) – an innovative stablecoin designed to modernize global payments, improve instant transaction speed, integrate decentralized finance (DeFi), and comply with the strictest regulatory standards – will officially launch on December 17.
RLUSD Stablecoin: Superior Transparency and Compliance
RLUSD is an enterprise-grade stablecoin, fully backed by USD deposits, government bonds, and cash-equivalent assets. To ensure transparency, Ripple conducts monthly audits with the participation of independent third parties.
Brad Garlinghouse, CEO of Ripple, shared that RLUSD will be listed on exchanges Uphold, Moonpay, Coinmena, Archax, and Bitso, with early participation from Bullish, Mercado Bitcoin, Zero Hash, Independent Reserve, and Bitstamp. Garlinghouse affirmed:
"Ripple has decided to launch the RLUSD stablecoin under the trust charter with a limited purpose granted by NYDFS – a leading global regulatory standard."
This launch has received official approval from the New York State Department of Financial Services (NYDFS), reinforcing the legality and trustworthiness of RLUSD.
