Ripple stablecoin RLUSD will be launched on December 17

2024-12-17 00:08:46

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ChainCatcher news, according to The Block, Ripple's stablecoin RLUSD will officially launch on December 17. Ripple added that an independent auditing firm will be responsible for creating proof of RLUSD's reserve assets to enhance transparency. These proofs will be published monthly.

The stablecoin will initially launch on Uphold, MoonPay, Archax, and CoinMENA, with plans to roll out on platforms such as Bitso, Bullish, Bitstamp, Mercado Bitcoin, Independent Reserve, and Zero Hash in the coming weeks.

Forbes reporter Eleanor Terrett posted on X stating that early next year, Ripple Payments will use RLUSD to provide global payment services for its enterprise clients; additionally, Ripple will add two new members to its advisory board, former Reserve Bank of India Governor Raghuram Rajan and former First Vice President and COO of the Boston Federal Reserve Kenneth Montgomery.

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Ripple International Remittance Solutions