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Ripple Stablecoin (RLUSD) Scores Major Milestone in Singapore
In a significant development, Ripple has achieved another milestone with the listing of its stablecoin, RLUSD, on several major platforms, including Uphold, MoonPay, CoinMENA, Archax, and Bitso, marking an essential step towards driving adoption and expanding its reach globally.
As part of this strategic move, the RLUSD will be available for trading on these listed platforms, providing users with an innovative way to conduct cross-border payments and other financial transactions efficiently. This development underscores Ripple’s commitment to enhancing financial inclusivity and empowering individuals worldwide by leveraging blockchain technology.
Ripple’s focus on Singapore as a key market highlights its dedication to fostering growth in the Asia-Pacific region, where it has seen significant traction for its crypto payment services. The company secured a major payments institution license in Singapore in 2023, which enabled regulated cryptocurrency payment services since 2017.
Source: u.today
