Ripple officially launches stablecoin ”RLUSD”...expectations for increased adoption

Ripple, the leading digital asset infrastructure company for financial institutions, has announced the official release of its stablecoin, RLUSD.
RLUSD, which will be available for trading on global exchanges from the 17th (local time), is a cryptocurrency that has been developed based on Ripple's many years of experience in both crypto assets and traditional financial systems, and is a trusted, useful and cost-effective cryptocurrency.
It is an enterprise-grade, USD-based stablecoin developed with a focus on compliance.
RLUSD will be trading first on Uphold, Bitso, MoonPay, Archax and CoinMENA, and will be available on Bullish, Bitst within the coming weeks.
amp, Mercado Bitcoin, Mercado Bitcoin, Independent Reserve, Zero
It plans to list on additional platforms such as Hash.
Each RLUSD token is equivalent to US Dollar deposits, US Treasury securities, and cash equivalents to ensure stability, reliability, and liquidity.
Ripple will issue a third-party audited attestation of RLUSD's reserve assets each month to maintain the highest level of transparency.
Ripple CEO Brad Garlinghouse said, "From the beginning, Ripple has been committed to the New York Financial Services, which is widely recognized as having the highest regulatory standards in the world.
"We have carefully chosen to launch our stablecoin under a special purpose trust charter under the SEC's Securities and Exchange Commission," the company said. "As the U.S. moves forward toward clearer regulations, we will continue to see opportunities for stablecoins like RLUSD."
"We expect to see increased adoption of stablecoins like RLUSD that offer practical utility based on the trust and expertise we have built up over the years in the industry."