Ripple has confirmed that its Ripple USD (RLUSD) stablecoin will begin trading globally on December 17. The stablecoin, backed by the US dollar, has been approved by the New York Department of Financial Services (NYDFS). RLUSD will initially be available on major crypto platforms and exchanges, including Uphold, MoonPay, Archax and CoinMENA.
In the coming weeks, it is expected to be listed on platforms like Bitso, Bullish, Bitstamp, Mercado Bitcoin, Independent Reserve, Zero Hash and others. Ripple plans to integrate RLUSD into its digital payment protocol, Ripple Payments, in early 2025 to facilitate global payments for its enterprise customers.
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<p>The post New USD-Backed Ripple Stablecoin Goes Global: What’s Next? first appeared on CoinBuzzFeed.</p>
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