PANews reported on December 24 that Independent Reserve, Singapore's first licensed cryptocurrency exchange, has announced the launch of Ripple's US dollar stablecoin Ripple USD (RLUSD). Since December 22, RLUSD has been available for trading on its order book and OTC trading platform.
It is reported that RLUSD is a stablecoin pegged 1:1 to the US dollar, natively issued on the XRP Ledger and Ethereum network, and can be used in various scenarios such as cross-border payments and decentralized finance (DeFi).
According to previous news, Ripple will launch its stablecoin RLUSD on December 17, followed by monthly validations.
