Introduction
Ripple has unveiled its strategic exchange partners for Ripple USD (RLUSD), an enterprise-grade USD-denominated stablecoin designed for global financial institutions. With compliance and liquidity as top priorities, RLUSD will be available on major platforms like Uphold, Bitstamp, and MoonPay, backed by industry-leading advisors and market makers.
RLUSD Advisory Board: A Foundation of Trust
To ensure rigorous oversight, RLUSD is issued under a New York Trust Company Charter. The advisory board includes:
- Sheila Bair, Former FDIC Chair
- David Puth, Vice Chairman of Partners Capital
- Chris Larsen, Ripple Executive Chairman
"Stablecoins are pivotal in modernizing finance. RLUSD’s compliance-first approach sets a new standard," — Sheila Bair.
👉 Explore how RLUSD bridges traditional and crypto finance
Enterprise Use Cases for RLUSD
1. Payments
- Global Transactions: RLUSD enables 24/7 cross-border payments with Ripple’s network covering 90% of FX markets.
- Integration: Works alongside XRP to reduce costs and improve speed.
2. On/Off Ramps
- Stability: Seamless fiat-crypto conversions without volatility risks.
3. Tokenization (RWA)
- Liquidity: Supports trading of real-world assets like commodities and securities on-chain.
Partner Perspectives
| Partner | Key Quote |
|---|---|
| MoonPay | "RLUSD unlocks institutional use cases and will play a vital role in finance." |
| Bitso | "RLUSD benefits Latin American users, enhancing our cross-border payment solutions." |
| Bullish | "RLUSD meets rigorous regulatory standards, offering institutions a trusted trading asset." |
👉 Discover RLUSD’s role in decentralized finance
Blockchain Support and Transparency
- Launch Blockchains: XRP Ledger (XRPL) and Ethereum.
- Reserves: 100% backed by USD deposits, U.S. bonds, and cash equivalents.
- Audits: Monthly attestations by BPM for transparency.
FAQs
Q: How is RLUSD different from other stablecoins?
A: RLUSD is issued under a NY Trust Charter, emphasizing compliance and enterprise-grade liquidity.
Q: Which exchanges support RLUSD?
A: Partners include Bitstamp, Uphold, CoinMENA, and Independent Reserve.
Q: Can RLUSD be used for DeFi?
A: Yes, its launch on XRPL and Ethereum boosts DeFi applications.
Q: How are reserves managed?
A: Fully collateralized with audited USD assets.
Conclusion
RLUSD combines regulatory compliance, enterprise utility, and liquidity to redefine stablecoins. With Ripple’s global network and top-tier partners, it’s poised to become a market leader.
For details, visit Ripple’s Stablecoin Solutions.