Wednesday, February 19, 2025

Ripple Unveils RLUSD Stablecoin with Strategic Advisory Board and Global Partnerships

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Ripple, a leader in digital asset infrastructure, has announced the formation of a high-profile advisory board for its new stablecoin, Ripple USD (RLUSD). This USD-denominated stablecoin is designed with a focus on trust, liquidity, and compliance. The advisory board includes former FDIC Chair Sheila Bair, Vice Chairman of Partners Capital and former CENTRE Consortium CEO David Puth, and Ripple Executive Chairman Chris Larsen.

The RLUSD stablecoin is set to be a game-changer for enterprise-grade digital assets. Ripple has partnered with major global exchanges and platforms such as Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish to ensure widespread availability. This strategic move is expected to position RLUSD as a gold standard in the stablecoin market.

Global Impact and Enterprise Use Cases

Ripple CEO Brad Garlinghouse emphasized the demand for high-quality stablecoins like RLUSD, which will be used across various financial applications, including payments, tokenization of real-world assets, and decentralized finance. RLUSD, along with XRP and other digital assets, will enhance Ripple’s payment solutions, enabling faster, more reliable, and cost-effective cross-border transactions.

RLUSD is one of the few stablecoins issued under a New York Trust Company Charter, ensuring rigorous oversight and regulation. This compliance-first approach is seen as crucial for modernizing financial infrastructure and enhancing financial inclusion. Sheila Bair, a member of the advisory board, highlighted the importance of responsible innovation in the digital assets industry.

Market Adoption and Blockchain Integration

The introduction of RLUSD is supported by leading market makers such as B2C2 and Keyrock, which will provide liquidity and drive broader market adoption. RLUSD will be launched on the XRP Ledger and Ethereum blockchains, marking a significant milestone for the stablecoin’s integration into decentralized finance ecosystems.

Ripple’s stablecoin initiative has garnered positive feedback from its partners. MoonPay’s CEO Ivan Soto-Wright and B2C2’s US CEO Cactus Raazi expressed their excitement about RLUSD’s potential to unlock new institutional use cases. Bitso’s CEO Daniel Vogel also praised the stablecoin’s role in facilitating secure and transparent transactions in Latin America.

For more information about Ripple, visit Ripple’s official announcement.


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Neel Kapoor
Neel Kapoor
Neel Kapoor is a dedicated cryptocurrency enthusiast and blockchain expert at Coinsholder.com. With over a decade of experience, Neel offers insightful analysis and commentary on the latest trends and innovations in the crypto space. His clear and concise writing makes complex topics accessible to all readers.

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