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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.
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 ...
XRP is soaring after its creator, Ripple, announced that its planned and unrelated RLUSD stablecoin has finally received regulatory approval and is preparing to launch “soon.” XRP is up 11% in ...
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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 ...
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RLUSD, which has been in development since April, will join the growing ranks of stablecoins backed by the U.S. dollar, once it is approved by the New York Department of Financial Services.