We know the date. End of December? Start of the year? Speculation about the date of the launch of the stablecoin from Ripple were going well lately and even though we knew that everything depended on the New York State Department of Financial Servicesthe date was not yet known. Finally, the Ripple teams have just published the news and RLUSD will be available tomorrow on several platforms.
- Ripple has announced the imminent launch of its stablecoin RLUSD, available tomorrow on several platforms.
- RLUSD is backed by US dollar deposits and US government bonds, reflecting a rigorous compliance strategy.
After a few weeks of suspense, Ripple will launch its in-house stablecoin, RLUSD
Here is the official press release from Ripple :
“RLUSD will be available on global exchanges starting tomorrow. Each RLUSD token is fully backed by US dollar deposits, US government bonds and cash equivalents. »
Ripple press release about RLUSD – Source: Account
The CEO of the house, Brad Garlinghouseimmediately reacted on social networks and was delighted with the news:
“Very early on, we made the deliberate choice to launch our stablecoin under the jurisdiction of the New York State Department of Financial Serviceswidely considered the leading regulatory standard worldwide. As the United States moves towards clearer regulation, we expect to see greater adoption of stablecoins like RLUSD. »
Brad Garlinghouse, PDG de Ripple – Source : The Block
Ripple’s RLUSD: a regulated stablecoin?
Note also that Ripple sees this stablecoin as a model of stability, reliability, and transparency, emphasizing regular audits and the publication of future reserves.
The stablecoin is designed for specific use cases like cross-border payments, liquidity for businesses, and integration with DeFi.
From tomorrow, it will therefore be possible to find this RLUSD on Uphold, MoonPay, Archax, and CoinMENA and in a few weeks, it will also be available at Bitso, Bullish, Bitstamp, Mercado Bitcoin, Independent Reserve, Zero Hash. We are now waiting for the reaction of the markets which were already pushing very hard behind XRP. RLUSD will be available on both the XRP Ledger and Ethereum, enabling broad adoption for diverse uses, from decentralized finance to cross-border payments.
