tl;dr
Ripple has announced the launch of its stablecoin, RLUSD (Ripple USD), in partnership with global exchanges Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish. The stablecoin will be available on the XRP Ledger and Ethereum blockchain, with a focus on regulatory compliance ...
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Ripple has announced the launch of its stablecoin, RLUSD (Ripple USD), in partnership with global exchanges Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish. The stablecoin will be available on the XRP Ledger and Ethereum blockchain, with a focus on regulatory compliance and monthly third-party audits of reserve assets. Market makers B2C2 and Keyrock will support liquidity. Ripple aims to leverage RLUSD, XRP, and other digital assets for faster, reliable, and cost-effective cross-border payments. To ensure responsible growth, an advisory board including Chris Larsen and former FDIC Chair Sheila Bair has been formed. RLUSD is positioned to offer enterprise-grade financial solutions, competing with dominant stablecoins like USDT and USDC, with a focus on the tightly regulated EU market.
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.
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.
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. 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.
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.
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. 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.
More about General Dynamics Corporation
General Dynamics Corporation Summary General Dynamics Corporation (GD) is an American aerospace and defense corporation. It is headquartered in Reston, Fairfax County, Virginia.
Industry: MANUFACTURING, SHIP & BOAT BUILDING & REPAIRING
Market Cap: $82.94B
Dividend Yield: 2.36%
P/E Ratio: 12.92
Current Price: $164.48
Beta: 0.0789
Revenue: $44.95B
EPS: $325.78
Profit Margin: 20.7%
Operating Margin: 18%