Ripple recently launched a new stablecoin, RLUSD, which is pegged to the US dollar and is fully backed by dollar deposits, US government bonds, and cash equivalents. RLUSD is already listed on exchanges such as Uphold, Bitso, MoonPay, Archax, and CoinMENA, with plans to expand to other platforms. Additionally, Kenneth Montgomery, former first vice president of the Federal Reserve Bank of Boston, has joined the RLUSD advisory board, adding credibility to the new asset.