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Ripple News: RLUSD Stablecoin Now Available on Independent Reserve in Singapore
Independent Reserve (IR), a leading cryptocurrency exchange based in Singapore, has announced the listing of Ripple’s USD-pegged stablecoin, RLUSD. As of December 22nd, IR customers can now trade RLUSD using Singapore dollars (SGD) or US dollars (USD) through its Virtual Currency Trading platform.
RLUSD is a unique addition to IR’s offerings as it is a fully collateralized and regulated stablecoin backed by the US dollar. This means that users can now engage in secure and efficient trading, leveraging the benefits of a decentralized finance (DeFi) ecosystem while adhering to strict regulatory oversight and transparency.
The collaboration between IR and Ripple has been a long-standing one, with multiple years of partnership under their belt. In this instance, the listing represents a significant milestone for both parties, marking Independent Reserve’s position as a pioneering force in Singapore’s cryptocurrency landscape.
RLUSD is poised to revolutionize the financial services sector by enabling faster, more cost-effective cross-border transactions and DeFi opportunities. Its stable value against the US dollar makes it an attractive tool for institutional investors seeking reliable exposure to cryptocurrencies.
Source: http://www.crypto-news-flash.com
