TechFlow news, October 15 — According to The Block, Ripple, a digital asset infrastructure provider, announced the first exchange and platform partners for its upcoming RLUSD stablecoin, including Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish. Market makers B2C2 and Keyrock will provide liquidity support for RLUSD.
Ripple CEO Brad Garlinghouse stated that RLUSD will become the gold standard for enterprise-grade stablecoins. The stablecoin will be integrated into Ripple’s cross-border payment network and is specifically designed for enterprise use cases, including real-time global payments, serving as a stable bridge between fiat and cryptocurrencies, and enabling tokenization of real-world assets such as commodities and securities.
RLUSD will be issued on both the XRP Ledger and the Ethereum blockchain, with each token fully backed 1:1 by U.S. dollar deposits, U.S. government bonds, and cash equivalents. Ripple has also formed an RLUSD advisory council, comprising former chair of the U.S. Federal Deposit Insurance Corporation (FDIC) Sheila Bair, former JPMorgan executive David Puth, and Ripple co-founder and executive chairman Chris Larsen.
