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RLUSD is backed 1:1 by the U.S. dollar, meaning the company has promised to hold an equivalent sum of dollars in a reserve to collateralize each stablecoin that it issues.
The coin’s value rose from $1.98 to a high of $2.46, amid news that Ripple’s highly-anticipated stablecoin, which has been in development since April, is preparing to debut.
Ripple’s dollar-backed stablecoin, known as RLUSD, launched today on several global crypto exchanges. RLUSD is now available on Bitso, Uphold, CoinMENA, MoonPay, and Archax with other listings ...
Today's Top U.S. News Story Trump grants sweeping pardon of Jan. 6 defendants, including rioters who violently attacked police President Donald Trump has pardoned, commuted the prison sentences or vowed to dismiss the cases of all of the 1,500-plus people charged with crimes in the Jan. 6, 2021, attack on the U.S. Capitol More »
Ripple announced distribution partners for its upcoming stablecoin RLUSD at this year's Ripple Swell Conference (Kiyoshi Ota/Bloomberg—Getty Images)
The stablecoin, RLUSD, will be available globally on a slew of platforms including Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA and Bullish, Ripple said. Stablecoins are digital ...
XRP has surged 40% in the last 24 hours boosted by positive regulatory news. ... RLUSD, is poised for regulatory approval in New York as soon as Dec. 4. Also adding fuel to bullish sentiment ...
Ripple also just recently rolled out a U.S. dollar stablecoin, called RLUSD. Stablecoins are digital assets pegged to a currency or commodity to take advantage of the characteristics of a digital ...