At the 2024 Miami Ripple Swell conference, Ripple announced its new exchange partners and market makers for its upcoming dollar-pegged stablecoin, RLUSD. This strategic move includes the appointment of significant personalities like former FDIC Chair Sheila Bair and former CENTRE Consortium CEO David Puth to the RLUSD advisory board.
Ripple's president emphasized that the RLUSD stablecoin is "operationally ready," yet pending regulatory approval. This step aims to solidify Ripple's position in the burgeoning stablecoin market amid increasing institutional interest and usage.
The involvement of experienced figures in the advisory board highlights Ripple's commitment to adhering to financial regulations while ensuring robust market engagement and trust for RLUSD.
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