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.
TikTok Moves to Form Separate US Venture with Oracle After Years of Delay
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 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
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 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
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
FINANCE MAGNATES LONDON SUMMIT 2025
FINANCE MAGNATES LONDON SUMMIT 2025
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
