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Ripple RLUSD to Launch Today Across Major Exchanges, Paving the Way for Cross-Border Payments
Today is a significant day for the cryptocurrency industry as Ripple’s new stablecoin, RLUSD, goes live across major exchanges. The introduction of this US dollar-backed coin aims to increase stability and transparency in global payments.
RLUSD will be available on several prominent exchanges, including Uphold, Bitso, MoonPay, Archax, and CoinMENA. Moreover, the company has announced plans to list the coin on other platforms such as Bullish, Bitstamp, and Mercado Bitcoin in the near future.
The new RLUSD stablecoin is backed by real assets, comprising US dollar deposits, government bonds, and cash equivalents. This ensures that the value of the coin remains stable, making it an attractive option for businesses seeking to facilitate cross-border payments.
Ripple’s mission with RLUSD is to provide a reliable means of settling transactions globally, thereby fostering a more secure and transparent financial ecosystem. The company’s vision aligns with its goal of creating a decentralized, open-source platform that empowers users worldwide.
RLUSD will likely have far-reaching implications for the cryptocurrency industry as a whole. Its introduction could stimulate growth in various sectors such as cross-border trade, international investments, and remittances.
In related news, Ripple has also announced that renowned economist Raghuram Rajan has joined its team to oversee the development of RLUSD. This strategic move is expected to help guide the coin’s growth and ensure compliance with regulatory requirements.
The launch of RLUSD marks a significant milestone for Ripple, which has been actively contributing to the evolution of blockchain technology.
Source: cryptonewsland.com
