RLUSD is a US dollar-based stablecoin developed with an emphasis on reliability, liquidity, and compliance, and is specialized for enterprise-grade solutions.
Strategic partnership with Uphold, Bitstamp, Bitso, MoonPay and Independent
RLUSD will be available on major global exchanges and platforms such as Reserve, CoinMENA, and Bullish.
CEO Brad Garlinghouse said, "Ripple's stablecoin is driven by proven utility and demand from our early exchange partner, RLUSD.
"With its core competencies and clear compliance, this will set the standard for enterprise-grade stablecoins," he said. "Our customers and partners will be able to use it for settlement, real-world transactions like RLUSD."
Ripple's settlement solution includes RLUSD, XRP, and other stablecoins that can be used in a wide range of use cases, including tokenization of assets and decentralized finance.
"By leveraging cryptocurrencies, Ethereum, and other digital assets, we can enable faster, more reliable and cost-effective cross-border payments."
In addition, leading market makers B2C2 and Keyrock have announced that RLUSD will be expanded to the entire market.
■RLUSD Advisory Committee RLUSD is a New York Trust Company chartered by
Ripple is one of the few stablecoins issued under the Federal Deposit Charter, ensuring strict governance and compliance.
Sheila Bair, Chair of the Financial Services Agency's Partners for the Financial Institutions Insurance Corporation (FDIC)
Vice Chairman of Partners Capital and formerCENTRE
David, CEO of Consortium
David Puth, co-founder and chairman of Ripple
The organization has formed an advisory committee of knowledgeable individuals, including Chris Larsen, to lead the responsible launch of RLUSD.
"Stablecoins have the potential to modernize financial infrastructure and increase financial access," said former FDIC Chairman Sheila Bair.
"I am honored to join the RLUSD Advisory Board, which places compliance first and foremost in our priorities as the digital asset industry grows," he said.
"As this trend continues, responsible innovation that prioritizes consumer protection and financial stability will be the most important factor in the adoption of stablecoins."
Vice Chairman of Partners Capital and formerCENTRE Consortium
"We are pleased to join Ripple's advisory board to help launch RLUSD," said David Puth, CEO of the Stablecoin Consortium.
Infinex is a bridge between traditional finance and the cryptocurrency market, providing the stability required for transactions while leveraging blockchain technology to improve transparency and efficiency, and is a pioneer in the digital economy.
"RLUSD is committed to building secure, compliant and accessible enterprise solutions, and RLUSD is committed to building secure, compliant and accessible enterprise solutions, and RLUSD is committed to building secure, compliant and accessible enterprise solutions."
"This is one of the results of our efforts," he said. ■Enterprise Use Cases RLUSD is a blockchain-based cryptocurrency that combines the stability of traditional fiat currencies with the efficiency of blockchain technology to provide a secure, secure and secure exchange.
Based on Ripple's enterprise experience and track record, RLUSD is designed for the following use cases:
○ Settlement: RLUSD supports real-time global settlement 24 hours a day. RLUSD will be used together with XRP.
The integration into Ripple's cross-border payments solutions continues to improve transaction times, cost efficiency and reliability. Ripple's robust payments network will enable more than 100,000 foreign exchange transactions per day.
It covers more than 90 markets, accounting for 90% of the total volume, and has processed 37 million transactions worth approximately $70 billion (approximately 95 trillion won).
Ramps: RLUSD serves as a stable and reliable bridge between the existing fiat and cryptocurrency ecosystems. Users can invest in stablecoins without worrying about price volatility.
The ease of converting crypto to fiat ensures smooth and efficient on-ramp and off-ramp services.
〇 Tokenization of Real-World Assets (RWAs): Regulatory compliant and transparent stablecoins such as RLUSD can be used to trade commodities, securities, and other assets.
RLUSD will provide liquidity, settlement, and collateral functions for on-chain trading of RWAs such as securities and bonds. In this process, RLUSD will provide a stable trading medium and reduce trading volatility and costs.
■Customer/Partner Examples Ivan Soto-Wright, co-founder and CEO of MoonPay, said, "We are committed to advancing the stablecoin market through RLUSD.
"I'm impressed with Ripple's efforts to uncover new institutional use cases," he said. "Stablecoins are still in their early stages, but they will ultimately play a key role in the financial system."
"We believe that RLUSD will play an important role in the system and we are pleased to add RLUSD to the stablecoin lineup available on Moonpay."
Cactus Raazi (Cactus Raazi) B2C2 US CEO: "We are pleased to partner with Ripple to launch RLUSD."
"Trustworthy, regulated stablecoins are a key enabler for building robust and resilient digital asset markets that support efficient on- and off-ramps, settlements, and asset tokenization," he said.
"As a liquidity provider for institutional digital assets, B2C2 will support the development of enterprise-grade solutions across the market," the company said.
Daniel Vogel, CEO and co-founder of Bitso, said, "Bitso was one of the first exchanges to list RLUSD, and is a major player in the cryptocurrency space.
"We are proud to share this important milestone with PLU," he said. "Through our long-standing partnership with Ripple, we have been able to bring innovative solutions to our users, including fast, secure and transparent cross-border payments.
"Together we have been able to identify use cases," he said. "We are confident that RLUSD will bring great benefits to our customers and business clients across Latin America, and we will continue to do so in the future."
"We look forward to strengthening our partnership with Ripple," he added. Chris Tyrer, Head of Institutional Affairs at Bullish
"As the convergence of cryptocurrencies and traditional financial markets accelerates, regulated stablecoins like RLUSD provide institutions with a trusted way to trade digital assets," the Institutional Securities and Exchange Commission (SEC) said in a statement.
"As a partner of the RLUSD exchange, we are adding stablecoins that will enhance our customers' trading experience with high liquidity while meeting strict regulatory standards," he said.
"We are pleased to be working with RLUS," he explained. ■ Blockchain support and ecosystem growth Stablecoins play an important role in decentralized finance.
The launch of D on the XRP Ledger and Ethereum blockchain marks an important milestone for developers and users in introducing a regulated, trusted, US Dollar-based stablecoin.
This is a milestone. XRPL, which supports XRP as a native asset, is designed to support a variety of assets and will be supported by 24/7 trading and decentralized exchanges (DEXs).
With RLUSD, Ripple is addressing the community's need for a more reliable stablecoin on XRPL and is increasing trading volumes.
This will allow the blockchain to expand and improve the overall usability of XRPL and XRP. All RLUSD tokens are 100% backed by US Dollar deposits, US Treasury bills and cash equivalents.
To ensure full transparency, ipple will also undergo an audit by third-party accounting firm BPM and issue a certificate of reserves on a monthly basis.
2024/10/16 11:12 KST
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