Ripple has announced the exchange partners for its upcoming dollar-denominated stablecoin, Ripple USD (RLUSD).

The blockchain infrastructure provider has partnered with cryptocurrency exchanges and platforms, including Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish, to facilitate the distribution of the stablecoin. Ripple’s new stablecoin aims to become the “gold standard for enterprise-grade stablecoins,” according to Ripple CEO Brad Garlinghouse, who wrote in an announcement on Oct. 15: “Customers and partners have been asking for high-quality stablecoins like RLUSD to use in a variety of financial use cases, such as payments, tokenization of real-world assets, and decentralized finance.”

Garlinghouse added that Ripple’s payments solution will leverage RLUSD and the XRP token

to facilitate faster and more cost-effective cross-border payments.

Stablecoins are the primary on-ramp between the traditional economy and the cryptoeconomy. Issuing more regulatory-compliant stablecoins could increase cryptocurrency adoption, making stablecoins more accessible around the world. Regulatory compliance is key for Ripple’s RLUSD

is one of the few stablecoins issued under a New York Trust Company Charter, positioning it for strict oversight.

With a significant focus on regulatory compliance, Ripple’s advisory board includes former U.S. Federal Deposit Insurance Corporation (FDIC) Chair Sheila Bair. Stablecoins will play a key role in modernizing our financial infrastructure and expanding financial inclusion. I am honored to join Ripple’s advisory board as they launch their stablecoin with a compliance-first approach.”Responsible innovation will continue to be key to cryptocurrency adoption as the industry grows, Bair added.