Latin American cryptocurrency exchange Bitso recently announced the launch of the stablecoin RLUSD issued by Ripple. This stablecoin is pegged to the US dollar at a 1:1 ratio, backed by an equivalent amount of US dollars and cash equivalents, primarily for cross-border payments. 💸

Bitso's CEO Daniel Vogel stated that the company's long-term partnership with Ripple has paved the way for multiple innovative application scenarios, including cross-border payments. RLUSD will be available through the RLUSD/MXN trading pair on the Bitso Alpha platform, allowing users to deposit and withdraw in the form of Ethereum ERC-20 tokens. 🌐

This collaboration brings more payment convenience to the Latin American market and provides new possibilities for the practical application of cryptocurrencies. 🔗