Digital asset companies Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish join Ripple as initial collaborators in supporting RLUSD stablecoin.
B2C2 and Keyrock also on board to support RLUSD's liquidity as market makers.
Ripple CEO Brad Garlinghouse expresses confidence in the stablecoin's potential and emphasizes its use in facilitating cross-border payments.
RLUSD to be launched on XRP Ledger and Ethereum blockchains, backed by USD deposits and assets, with an advisory board including former FDIC Chair Sheila Bair and Ripple co-founder Chris Larsen.