Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Ripple Gains Global Exchange Support for RLUSD Stablecoin Release

Source Beincrypto

Ripple has announced the launch of its stablecoin, RLUSD (Ripple USD), along with its global exchange partners who will facilitate the token’s availability worldwide.

This launch, alongside key partnerships, marks a major milestone in Ripple’s ongoing efforts to expand its offerings.

Ripple Names Exchange Partners for its RLUSD Stablecoin

The firm named Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish as exchange partners for the USD-denominated stablecoin. With a strong emphasis on regulatory compliance, Ripple CEO Brad Garlinghouse said RLUSD could set the standard for stablecoins.

“With our initial exchange partners, the clear utility and demand for RLUSD, and a strong focus on regulatory compliance, Ripple’s stablecoin is poised to become the gold standard for enterprise-grade stablecoins,” Garlinghouse said.

Ripple’s RLUSD stablecoin will launch on both the XRP Ledger and Ethereum blockchain. Ripple began minting RLUSD in late September, positioning it as a compliant, trusted, USD-backed stablecoin for developers and users alike.

Read more: What Is a Stablecoin? A Beginner’s Guide

The firm also committed to monthly third-party audited attestations of its reserve assets to ensure transparency. B2C2 and Keyrock will serve as market makers, supporting RLUSD stablecoin’s liquidity and helping promote its adoption across global markets.

It comes amid calls for high-quality stablecoins to enable payments, tokenization of real-world assets (RWA), and decentralized finance (DeFi). According to Garlinghouse, Ripple’s payment solutions could meet this demand by leveraging its unique mix of RLUSD, XRP, and other digital assets, delivering faster, more reliable, and cost-effective cross-border payments.

Stablecoin Advisory Board Amid Push for Regulatory Compliance

To promote responsible and compliant growth, Ripple has formed an advisory board for RLUSD, featuring prominent figures such as Ripple co-founder and Executive Chair Chris Larsen and former FDIC Chair Sheila Bair. Despite recent criticism from a Ripple executive toward the FDIC, Bair emphasized that stablecoins are key to advancing financial inclusion and modernizing infrastructure.

Another key board member, David Puth, Vice Chair of Partners Capital and former CEO of CENTRE Consortium, underscored RLUSD’s potential to bridge traditional finance (TradFi) with the digital economy.

“They [stablecoins] offer the stability needed for transactions while utilizing blockchain technology to enhance transparency and efficiency,” Puth remarked.

Ripple’s RLUSD stablecoin is poised to deliver enterprise-grade financial solutions, combining the stability of fiat currencies with blockchain efficiency. Key use cases include facilitating seamless payments and conversions between fiat and crypto, avoiding price volatility, and enabling RWA tokenization for assets like commodities and securities with reduced transaction costs and volatility.

Read More: A Guide to the Best Stablecoins in 2024

However, RLUSD enters a competitive market dominated by Tether’s USDT and Circle’s USDC, which account for over 90% of the stablecoin market. Despite their dominance, Ripple could carve out a significant market share by targeting the tightly regulated EU market.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Fed hike odds near 90% into Wednesday's decision — how to trade the dollar, gold and the S&P 500 A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Author Suzie

Sep 14, Mon

A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Gold falls below $4,300 as higher US yields bolster Fed rate hike bets Gold price (XAU/USD) tumbles to near $4,295 during the early Asian session on Tuesday. The precious metal faces some selling pressure as rising bond yields and surging energy prices strengthen expectations that the US Federal Reserve (Fed) will raise interest rates this week.

Author FXStreet

Yesterday 01: 23

Gold price (XAU/USD) tumbles to near $4,295 during the early Asian session on Tuesday. The precious metal faces some selling pressure as rising bond yields and surging energy prices strengthen expectations that the US Federal Reserve (Fed) will raise interest rates this week.

【Daily Brief】10-year Treasury yield briefly tops 5%, S&P 500 slips to 7,602 and the dollar firms at 99.3 as the Fed's decision eve begins The 10-year Treasury yield touched 5.014% on Monday — its first print above 5% since October 2023 — while the S&P 500 closed 0.48% lower at 7,619.98 and the dollar index firmed to 99.3. Here is the full market wrap ahead of Wednesday's FOMC decision, the dot plot and the August retail sales report, plus today's CLARITY Act Senate vote.

Author Irene Q.

Yesterday 08: 16

The 10-year Treasury yield touched 5.014% on Monday — its first print above 5% since October 2023 — while the S&P 500 closed 0.48% lower at 7,619.98 and the dollar index firmed to 99.3. Here is the full market wrap ahead of Wednesday's FOMC decision, the dot plot and the August retail sales report, plus today's CLARITY Act Senate vote.

Silver breaks $64 as precious metals rebound — can gold hold the $4,280 line into the Fed decision?Silver has climbed back above $64 an ounce for the first time this week, leading a broad rebound across precious metals hours before the Federal Reserve delivers what is expected to be its first rate hike since 2023. Spot silver was last at $64.64, up 1.49% on the day, while gold reclaimed $4,300 and platinum and palladium both advanced. The question now is whether the bounce is a genuine turn — or a pause before the Fed's dot plot decides the next move.

Author Suzie

6 hours ago

Silver has climbed back above $64 an ounce for the first time this week, leading a broad rebound across precious metals hours before the Federal Reserve delivers what is expected to be its first rate hike since 2023. Spot silver was last at $64.64, up 1.49% on the day, while gold reclaimed $4,300 and platinum and palladium both advanced. The question now is whether the bounce is a genuine turn — or a pause before the Fed's dot plot decides the next move.

Bitcoin falls below $75,000 as the CLARITY Act fails in the Senate — what the vote means for crypto The US Senate blocked the Digital Asset Market CLARITY Act in a 49-50 procedural vote, sending Bitcoin briefly below $75,000 — its biggest one-day drop since June. Ethereum fell more than 8%, Coinbase slid 10% and $75 billion of crypto market value evaporated. Here is what the vote was, why it failed, and the levels that matter now.

Author Suzie

6 hours ago

The US Senate blocked the Digital Asset Market CLARITY Act in a 49-50 procedural vote, sending Bitcoin briefly below $75,000 — its biggest one-day drop since June. Ethereum fell more than 8%, Coinbase slid 10% and $75 billion of crypto market value evaporated. Here is what the vote was, why it failed, and the levels that matter now.

Popular Symbols