đ Ripple Launches RLUSD Stablecoin on Major Exchanges đ
Ripple has officially announced the launch of its new USD-backed stablecoin, RLUSD, which will be accessible through top exchanges like Uphold, Bitstamp, Bitso, Moonpay, Independent Reserve, Coinmena, and Bullish. RLUSD is fully backed by U.S. dollar reserves, government bonds, and cash equivalents, ensuring stability and transparency for users and institutions globally. Ripple plans to leverage RLUSD for various financial use cases, including payments, real-world asset tokenization, and decentralized finance (DeFi).
Rippleâs CEO, Brad Garlinghouse, emphasized that RLUSD aims to enhance cross-border payments, offering faster and more reliable transactions. The stablecoin will also be supported by B2C2 and Keyrock, providing liquidity to ensure seamless trading across exchanges. In line with transparency, Ripple will publish third-party audited reports of its reserves monthly.
With its extensive network and partnerships, Ripple positions RLUSD to quickly rise as a major player in the stablecoin market. đ
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