Ripple Names RLUSD Stablecoin Exchange Partners Ahead of Launch

Ripple reveals RLUSD exchange partners and market makers ahead of the stablecoinโ€™s official launch.

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  • Ripple has named exchange partners and market makers for its stablecoin.
  • Ripple initially announced the stablecoin in April.
  • The company has also set up a โ€œpowerhouseโ€ advisory team for the stablecoin.

Digital asset infrastructure company Ripple has named the exchange partners and market makers for its USD-denominated stablecoin, Ripple USD (RLUSD).

Initially announced in April, RLUSD is Rippleโ€™s solution for compliant and enterprise stablecoin use cases in cross-border payments, crypto on/off ramps, and Real-World Assets (RWA) tokenization. U.S. dollar deposits, U.S. government bonds, and cash equivalents back each RLUSD stablecoin.

RLSUD Exchange Partners

In a press release on October 15, Ripple said its RLUSD stablecoin will be available globally via various exchange partners, including Bitstamp, MoonPay, Uphold, CoinMENA, Bullish, Bitso, and Independent Reserve. At the same time, market makers B2C2 and Keyrock will support RLSUDโ€™s liquidity to enhance broader adoption across multiple markets.

Sponsored

โ€œWith our initial exchange partners, the clear utility and demand for RLUSD, and a strong focus on regulatory compliance, Rippleโ€™s stablecoin is poised to become the gold standard for enterprise-grade stablecoins,โ€ Ripple CEO Brad Garlinghouse stated.

Per the statement, Ripple has assembled a โ€œpowerhouseโ€ advisory board to guide the responsible introduction of its stablecoin to the market. The advisory board includes Ripple co-founder and Executive Chairman Chris Larsen, former Federal Deposit Insurance Corporation (FDIC) Chair Sheila Bair, and David Puth, Vice Chairman of Partners Capital and former CENTRE Consortium CEO.

RLUSD is among the few stablecoins issued under a New York Trust Company Charter, underscoring the companyโ€™s thorough approach to oversight and regulation. Ripple said it would publish monthly third-party audited attestations of reserve assets conducted by BPM to ensure full transparency around the stablecoin.

Read how Ripple slammed the SECโ€™s โ€œRenegadeโ€ stance on XRP:
Ripple Slams SECโ€™s โ€˜Renegadeโ€™ Stance on XRP

Stay updated on Rippleโ€™s regulatory win in the UAE:
Ripple Bags In-Principle Approval for Payment Services in the UAE

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Brian Danga

Brian Danga is a crypto reporter at DailyCoin covering breaking news. Brian has minor holdings in Bitcoin and Ethereum.

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