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.