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Ripple to begin global rollout of RLUSD stablecoin on Dec. 17

  • Ripple will launch its US dollar-pegged stablecoin, Ripple USD (RLUSD), on Dec. 17 on the XRP Ledger and Ethereum.
  • RLUSD tokens will be fully backed by US dollar deposits, government bonds, and cash equivalents, and monthly third-party attestations of reserves will be provided by Ripple.
  • Initially, RLUSD will be available on Uphold, Bitso, MoonPay, Archax, and CoinMENA, with plans to expand to platforms like Bullish, Bitstamp, and Mercado Bitcoin.
  • Ripple aims to position RLUSD for widespread adoption through partnerships with global exchanges, market makers, and payment providers.

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