Ripple has announced the global launch of its new stablecoin RLUSD, an enterprise-grade digital asset denominated in US dollars. RLUSD is intended for institutional use.
As writes The Paypers, a stablecoin will be available on the largest exchanges: Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA and Bullish, which will expand its reach in global markets. RLUSD is supported by market makers B2C2 and Keyrock, ensuring high liquidity and adoption in global markets.
According to the developers, RLUSD is designed to facilitate real-time global payments and serves as a stable bridge between fiat currencies and the crypto ecosystem. It is integrated into Ripple’s cross-border payment solution, improving the speed, value and reliability of transactions.
Stablecoin is issued under the Charter of a trust company in New York, subject to strict regulatory oversight. RLUSD supports the tokenization of real assets, offering a stable environment for intra-network transactions.
Last week, Ripple filed a counter-appeal in the SEC case. In this way, the company hopes to end its legal battle with the US Securities and Exchange Commission (SEC). The SEC previously lost in court against Ripple that the distribution of XRP through exchanges and algorithms did not qualify as securities transactions.
