Ripple has unveiled its new stablecoin, RLUSD, which is denominated in USD. The stablecoin will be made available globally through key partnerships with notable platforms such as Uphold, Bitstamp, Bitso, Moonpay, Independent Reserve, Coinmena, and Bullish.
RLUSD is fully backed by U.S. dollar reserves, government bonds, and cash equivalents, which provides a robust foundation for ensuring both transparency and stability. The introduction of RLUSD aims to enhance the existing financial solutions offered by Ripple.
This strategic move by Ripple signals its ongoing commitment to expanding its suite of financial services and leveraging partnerships with leading exchanges to facilitate broader access to secure and transparent financial tools.
