Ripple Launches RLUSD Stablecoin with Global Exchange Support and Prestigious Advisory Board

Ripple has officially announced that Ripple USD (RLUSD), its enterprise-grade USD-backed stablecoin, will debut on global exchanges starting December 17, 2024. Positioned as a cornerstone for modern payments, RLUSD is fully backed by U.S. dollar deposits, government bonds, and cash equivalents, ensuring stability, compliance, and utility in both traditional and digital financial ecosystems.

Launch and Exchange Support

RLUSD will initially be listed on major platforms, including Uphold, Bitso, MoonPay, Archax, and CoinMENA, with anticipated support from prominent exchanges like Bitstamp, Bullish, Mercado Bitcoin, Independent Reserve, and Zero Hash in the coming weeks. Ripple’s commitment to transparency will be reinforced through monthly, third-party attestations of reserve assets conducted by independent auditors.

Ripple CEO Brad Garlinghouse emphasized RLUSD’s regulatory foundation:

“We made a deliberate choice to launch RLUSD under the NYDFS limited purpose trust charter, a gold standard for regulatory compliance. As U.S. regulations become clearer, stablecoins like RLUSD, backed by trust and utility, will drive mainstream adoption.”

Strategic Use Cases for RLUSD

RLUSD is designed to power real-world financial applications, including:

• Cross-Border Payments: Instant settlement and optimized liquidity for global remittance and treasury operations.
• DeFi Integration: Seamless access to decentralized finance protocols.
• On-Ramping and Off-Ramping: Reliable conversion between fiat and crypto ecosystems.
• Collateralization: Trading tokenized real-world assets (commodities, securities, treasuries) on-chain.

Ripple’s payments network, which has processed over $70 billion in volume across 90+ payout markets, will begin leveraging RLUSD early next year to facilitate cross-border payments for enterprise clients.

Dual Blockchain Deployment

RLUSD will be available on both the XRP Ledger and Ethereum blockchains, offering flexibility, scalability, and interoperability across financial platforms.

Advisory Board Brings Regulatory and Financial Leadership

Ripple has strengthened RLUSD’s credibility by appointing financial heavyweights Raghuram Rajan, former Governor of the Reserve Bank of India, and Kenneth Montgomery, former First Vice President and COO of the Federal Reserve Bank of Boston, to its advisory board. They join prominent advisors such as Sheila Bair (former FDIC Chair), David Puth (ex-CENTRE Consortium CEO), and Ripple Co-founder Chris Larsen.

Rajan emphasized RLUSD’s transformative potential:

“Stablecoins could become the backbone of private payments. RLUSD, with its focus on compliance and trust, is poised to set new standards and play a pivotal role in the future of payments.”

Montgomery echoed this sentiment:

“Stablecoins are emerging as a cornerstone of the payments landscape, offering speed, efficiency, and cost-effectiveness. I look forward to supporting RLUSD’s global growth and adoption.”

RLUSD: Raising the Standard for Stablecoins

With its regulatory rigor, transparent reserves, and alignment with global financial compliance, RLUSD is well-positioned to become a trusted stablecoin for institutions and enterprises worldwide. Its launch marks a critical step in Ripple’s broader vision to modernize payments and bridge traditional finance with the digital asset economy.

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FAQs

What is RLUSD, and how is it backed?
RLUSD is Ripple's enterprise-grade USD-backed stablecoin, fully collateralized by U.S. dollar deposits, government bonds, and cash equivalents. Its regulatory compliance is ensured through a launch under the NYDFS limited purpose trust charter, with monthly third-party audits of its reserves.

Where will RLUSD be available for trading?
RLUSD will initially launch on major platforms like Uphold, Bitso, MoonPay, Archax, and CoinMENA starting December 17, 2024. Additional exchange support from Bitstamp, Bullish, Mercado Bitcoin, and others is expected soon.

How will RLUSD benefit the financial ecosystem?
RLUSD will power real-world financial applications, including cross-border payments, DeFi integration, fiat-crypto conversions, and collateralization for tokenized real-world assets, enhancing liquidity, speed, and cost efficiency globally.

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