RLUSD is one of the few stablecoins issued under a New York trust company charter, which ensures rigorous oversight and regulation. Ripple has assembled a leading advisory board, including:
former President of the Federal Deposit Insurance Corporation (FDIC) Sheila Bair,
Vice President of Partners Capital and former CEO of CENTER Consortium David Puth,
and Ripple Co-Founder and Executive Chairman Chris Larsen, to guide the responsible introduction of RLUSD to the market.
“Stablecoins will play a key role in modernizing our financial infrastructure and expanding financial inclusion. I am honored to join the Ripple Advisory Board as they launch their stablecoin with a compliance-first approach. As the digital assets sector grows, responsible innovation will be paramount to their adoption, prioritizing both consumer protection and financial stability” said Sheila Bair, former chair of the FDIC.
« I am excited to join the Ripple Advisory Board to support their efforts in launching RLUSD said David Puth, vice president of Partners Capital and former CEO of CENTER Consortium. “ Stablecoins are a critical part of the evolving digital economy, providing a bridge between traditional finance and the cryptocurrency market. They provide the stability needed for transactions, while using blockchain technology to improve transparency and efficiency. Ripple has always demonstrated its commitment to creating secure, compliant and accessible business solutions, and RLUSD is no exception. »
