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Ripple Stablecoin (RLUSD) Scores Major Milestone in Singapore
Ripple has made a significant move by listing its newly launched stablecoin, RLUSD, on multiple platforms such as Uphold, MoonPay, CoinMENA, Archax, and Bitso. This development is a major milestone for the company, particularly given the strategic importance of Singapore to Ripple’s global business.
Singapore has been instrumental in Ripple’s growth, due to its crypto-friendly regulatory environment, which aligns with Ripple’s vision of promoting blockchain-based financial solutions. The RLUSD listing on these platforms marks a significant step forward in this direction.
The majority of Ripple’s operations take place outside the United States, and Singapore is one of the fastest-growing markets for the company. As such, it comes as no surprise that Ripple has chosen to prioritize the Asia-Pacific region for the adoption of its crypto payment services.
This strategic move reinforces Ripple’s commitment to driving cryptocurrency adoption across the globe.
Source: u.today
