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Ripple Announces RLUSD Stablecoin Launch on Global Exchanges

  • Ripple announces the launch of RLUSD stablecoin on global exchanges, including Uphold, Bitso, MoonPay, Archax, and CoinMENA.
  • RLUSD tokens are fully backed by U.S. dollar deposits, U.S. government bonds, and cash equivalents, ensuring stability and transparency.
  • The launch of RLUSD sets a high regulatory standard by operating under the NYDFS limited purpose trust company charter.
  • RLUSD aims to enable instant cross-border payments, provide liquidity for remittance and treasury operations, integrate with DeFi protocols, and bridge traditional fiat currencies with the crypto ecosystem.

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