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Ripple News: RLUSD Stablecoin Now Available on Independent Reserve in Singapore
Independent Reserve Singapore has announced the addition of Ripple USD (RLUSD) to its platform, enabling secure and efficient trading in SGD or USD. This move marks a significant step forward for the exchange as it continues to expand its offerings and strengthen its position in Singapore’s cryptocurrency landscape.
The RLUSD stablecoin is backed by the US dollar and supports payments and DeFi applications with strict regulatory oversight and full transparency. According to Independent Reserve, this new listing will provide customers with an additional option for trading and investing in digital assets.
As a result of this collaboration with Ripple, Independent Reserve Singapore becomes the first regulated exchange in Singapore to list RLUSD, further solidifying its commitment to innovation and customer satisfaction. The CEO of Independent Reserve Singapore, Lasanka Perera, highlighted the importance of RLUSD in improving the flow of capital for investors and financial institutions.
He stated that stablecoins have emerged as an essential tool for decentralized finance (DeFi) and cross-border transactions, and we are excited to be at the forefront of this development. This is a testament to our dedication to innovation and providing our customers with the best possible services in the cryptocurrency industry.”
Independent Reserve Singapore’s Virtual Currency Trading platform now enables users to trade RLUSD using SGD or USD, making it easier for traders to access digital assets securely and efficiently.
Source: www.crypto-news-flash.com
