Ripple, a prominent supplier of digital asset structures, has announced the launch of RLUSD, a USD-denominated stablecoin aimed at enterprises. Backed by U.S. dollar deposits, government bonds, and cash equivalents, RLUSD ensures trust, liquidity, and regulatory compliance. Ripple has partnered with major global exchanges, including Uphold, Bitstamp, Bitso, and MoonPay, to make RLUSD accessible worldwide. Supported by market makers B2C2 and Keyrock, RLUSD is designed to enhance use cases like payments, tokenization of real-world assets, and decentralized finance, while providing a stable medium for cross-border transactions.
Ripple’s RLUSD is one of the few stablecoins issued under a New York Trust Company Charter, ensuring robust regulatory oversight. It will be integrated into Ripple's existing cross-border payment solutions, leveraging blockchain technology for faster and more cost-effective transactions. The stablecoin launch is supported by an advisory board that includes notable financial figures like Sheila Bair, former FDIC Chair, and David Puth, former CEO of the CENTRE Consortium. With RLUSD, Ripple continues to advance its mission of modernizing global finance, positioning itself at the forefront of stablecoin innovation in the digital economy.
