San Francisco-based cross-border payment firm Ripple has launched its fully regulated stablecoin, RLUSD, for global trading after receiving approval from the New York Department of Financial Services (NYDFS). Backed by U.S. dollar reserves and designed for enterprise-grade financial applications, RLUSD combines blockchain efficiency with fiat stability.
RLUSD: A Regulated, Fully Backed Stablecoin
RLUSD’s reserves include:
- U.S. dollar deposits
- U.S. government bonds
- Cash equivalents
To ensure transparency, Ripple will provide monthly third-party audit reports verifying reserve holdings.
"Ripple USD (RLUSD) is an enterprise-grade stablecoin built for everyone, offering instant global payments and seamless asset transfers."
— Ripple’s Official Announcement
Where to Buy RLUSD
At launch, RLUSD is available on these platforms:
- Uphold
- Bitso
- MoonPay
- Archax
- CoinMENA
Future expansions include listings on Bullish, Bitstamp, and other major exchanges.
RLUSD Use Cases: Bridging Finance and Blockchain
1. Cross-Border Payments
RLUSD enables low-cost, near-instant settlements for international transactions, leveraging Ripple’s existing payment infrastructure.
2. Corporate Treasury Management
Businesses can use RLUSD for:
- Liquidity management
- Cash flow optimization
3. DeFi and Trading Collateral
- Margin trading
- Decentralized finance (DeFi) protocols
Ripple’s Advisory Board Strengthens RLUSD’s Foundation
New appointees to Ripple’s advisory board:
- Raghuram Rajan: Former RBI Governor
- Kenneth Montgomery: Ex-COO of Federal Reserve Bank of Boston
They join existing members like Sheila Bair (former FDIC Chair) to guide RLUSD’s compliance and adoption.
Ripple’s Vision for RLUSD
RLUSD aligns with Ripple’s goal to merge traditional finance with blockchain innovation. NYDFS approval underscores its credibility in the $3 trillion stablecoin market.
FAQs About RLUSD
Q1: Is RLUSD available worldwide?
Yes, RLUSD is globally tradable post-NYDFS approval.
Q2: How is RLUSD different from other stablecoins?
It’s fully regulated, with monthly audited reserves, and integrated into Ripple’s payment networks.
Q3: Can RLUSD be used for DeFi?
Absolutely—its stability makes it ideal for lending, staking, and collateral.
👉 Learn more about stablecoin strategies
Disclaimer: This article is informational only. Conduct independent research before investing.
### **Key SEO Keywords**
1. Ripple RLUSD
2. NYDFS-approved stablecoin
3. Buy RLUSD
4. RLUSD use cases
5. Ripple stablecoin
6. Cross-border payments
7. DeFi collateral