- 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 โpowerhouseโ 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 Rippleโs 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 RLSUDโs liquidity to enhance broader adoption across multiple markets.
Sponsored
โWith our initial exchange partners, the clear utility and demand for RLUSD, and a strong focus on regulatory compliance, Rippleโs 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 โpowerhouseโ 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 companyโs 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.
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Ripple Slams SECโs โRenegadeโ Stance on XRP
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