Not Pls Follow The Button
Ripple Labs’ RLUSD Finally Launches on Global Exchanges$
Ripple Labs RLUSD Stablecoin and Key Trading Details
In this announcement, Ripple confirmed that the debut will involve key launch partners, which include some of the world’s leading crypto exchanges and platforms.
Upon launching, the token went live on several global cryptocurrency exchanges, including Uphold, MoonPay, CoinMENA, ArchaxEx, and Bitso.
Apart from these trading platforms, Ripple CEO Brad Garlinghouse confirmed that Bullish, Mercado Bitcoin, Bitstamp, Zero Hash, and Independent Reserve will get on the list soon.
The RLUSD launch happened on Ethereum and Ripple’s XRP Ledger (XRPL). Noteworthy, the move to launch Ripple’s stablecoin faced a slight delay because of some regulatory hurdles.
This latest development suggests that the $blockchain firm has made headway with regulators in the United States. On December 17, RLUSD received final approval from the New York Department of Financial Services (NYDFS).
The new stablecoin may evolve to compete for market share with established rivals like Tether (USDT) and Circle’s USDT. Both stablecoins control over 85% of the stablecoin’s market capitalization.
RLUSD is reportedly equipped with features to effectively compete with the two largest stablecoins. Right from conception, Ripple’s new stablecoin was pegged to the US dollar 1:1.