The stablecoin will be backed by USD deposits and US government bonds.
The token will be available on Uphold, Bitso, and MoonPay, with more listings expected.
Ripple has announced that its stablecoin, Ripple USD
(RLUSD), will be available on global exchanges starting tomorrow, December 17,
2024. The RLUSD stablecoin is USD-denominated and designed for enterprise use.
It is backed by Ripple’s experience in both the
cryptocurrency and traditional financial systems. The token will be available
on both the XRP Ledger and Ethereum blockchains
RLUSD Launches on Multiple Platforms
Brad Garlinghouse, CEO, Ripple, Source: LinkedIn
Initially, RLUSD will be available on Uphold, Bitso,
MoonPay, Archax, and CoinMENA, with plans for additional listings on platforms
like Bullish, Bitstamp, Mercado Bitcoin, and others in the coming weeks.
Each RLUSD token is backed by US dollar deposits,
government bonds, and cash equivalents to ensure stability. Monthly third-party
attestations of RLUSD's reserves will be published for transparency.
“Early on, Ripple made a deliberate choice to launch our
stablecoin under the NYDFS limited purpose trust company charter, widely
regarded as the premier regulatory standard worldwide,” said Brad Garlinghouse,
Ripple’s CEO.
“As the US moves toward clearer regulations, we expect to
see greater adoption of stablecoins like RLUSD, which offer real utility and
are backed by years of trust and expertise in the industry.”
Ripple aims to leverage RLUSD for global payments,
cross-border settlements, and liquidity access for remittances and treasury
operations.
The token will also facilitate decentralized finance (DeFi)
integration and provide a bridge between fiat and cryptocurrency systems.
Additionally, RLUSD will support collateralization for tokenized real-world
assets like commodities and securities.
Ripple Payments will use RLUSD for global payments starting
early next year, adding to its existing $70 billion in payment volume.
Ripple noted that the volatility, driven by speculation, will
subside once the stablecoin reaches supply and demand equilibrium.
Ripple has announced that its stablecoin, Ripple USD
(RLUSD), will be available on global exchanges starting tomorrow, December 17,
2024. The RLUSD stablecoin is USD-denominated and designed for enterprise use.
It is backed by Ripple’s experience in both the
cryptocurrency and traditional financial systems. The token will be available
on both the XRP Ledger and Ethereum blockchains
RLUSD Launches on Multiple Platforms
Brad Garlinghouse, CEO, Ripple, Source: LinkedIn
Initially, RLUSD will be available on Uphold, Bitso,
MoonPay, Archax, and CoinMENA, with plans for additional listings on platforms
like Bullish, Bitstamp, Mercado Bitcoin, and others in the coming weeks.
Each RLUSD token is backed by US dollar deposits,
government bonds, and cash equivalents to ensure stability. Monthly third-party
attestations of RLUSD's reserves will be published for transparency.
“Early on, Ripple made a deliberate choice to launch our
stablecoin under the NYDFS limited purpose trust company charter, widely
regarded as the premier regulatory standard worldwide,” said Brad Garlinghouse,
Ripple’s CEO.
“As the US moves toward clearer regulations, we expect to
see greater adoption of stablecoins like RLUSD, which offer real utility and
are backed by years of trust and expertise in the industry.”
Ripple aims to leverage RLUSD for global payments,
cross-border settlements, and liquidity access for remittances and treasury
operations.
The token will also facilitate decentralized finance (DeFi)
integration and provide a bridge between fiat and cryptocurrency systems.
Additionally, RLUSD will support collateralization for tokenized real-world
assets like commodities and securities.
Ripple Payments will use RLUSD for global payments starting
early next year, adding to its existing $70 billion in payment volume.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
Inside the Prediction Markets: $1.6B Institutional Inflow Meets a Federal Crackdown
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
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#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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▶️ YouTube: /@financemagnates_official
#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
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▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
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▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
