Ripple’s U.S. dollar stablecoin will become available on the XRP Ledger and Ethereum blockchain starting Tuesday, December 17.
Digital payment behemoth Ripple xrp2.82%XRP has declared Dec. 17 as the debut date for its U.S. dollar-backed stablecoin RLUSD in the Americas, the U.K., the Middle East, and Asia-Pacific markets.
RLUSD’s launch follows last week’s final regulatory approval from the New York Department of Financial Services. NYDFS’s greenlight moved the stablecoin from its test phase to a broad rollout across several platforms like Uphold, MoonPay, Bitso, Bullish, Mercado, and CoinMENA.
Ripple CEO Brad Garlinghouse said the XRP company intentionally launched its RLUSD stablecoin “under the NYDFS limited purpose trust company charter,” globally considered the regulatory gold standard.
As the U.S. moves toward clearer regulations, we expect to see greater adoption of stablecoins like RLUSD, which offer real utility and are backed by years of trust and expertise in the industry.
Brad Garlinghouse, Ripple CEO#TrendingBinance #Ripple #XRP
