Independent Reserve, a Singaporean cryptocurrency exchange, has announced the official listing of Ripple's recently launched stablecoin, RLUSD. This move allows users on the platform to trade RLUSD against SGD and USD on both the order book and OTC desk. The stablecoin, backed by a 1:1 ratio with the US dollar, aims to provide users with a low-volatility asset for trading and hedging purposes. RLUSD is built on the XRP Ledger, leveraging its speed, scalability, and low transaction costs. The integration of RLUSD into Independent Reserve's offerings is part of the exchange's commitment to expanding its stablecoin selection and providing diverse trading options for its customers.

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