Ripple Launches Stablecoin RLUSD on Uphold, Bringing Benefits to the Community $XRP
On December 18, Uphold – the leading Web3 finance platform – officially supported RLUSD, Ripple’s USD-pegged stablecoin. Approved by the NYDFS and backed 1:1 with USD, RLUSD promises to enhance digital payments and corporate finance.
Starting in January 2025, RLUSD will join Uphold’s Rewards Center program, offering 5% rewards to holders, along with access to exclusive information and new tokens. In particular, users who complete in-app tasks will receive benefits earlier.
Uphold CEO Simon McLoughlin affirmed:
“RLUSD is an important step forward for digital payments. We are proud to be an early partner with Ripple on this project.”
Uphold, which currently serves over 140 countries, is committed to transparency and security of customer assets with data updates every 30 seconds. This is a great opportunity for the XRP community to leverage RLUSD in the Uphold ecosystem.