After receiving regulatory approval last week, Ripple’s RLUSD stablecoin launches today. It’s a conventional stablecoin, fully backed by US Treasuries, bank deposits and cash equivalents using a New York (NYDFS) trust charter.
The initial list of crypto exchanges supporting the RLUSD are Uphold, Bitso, MoonPay, Archax, and CoinMENA, with others expected to follow: Bullish, Bitstamp, Mercado Bitcoin, Independent Reserve and Zero Hash. That’s a more extensive list compared to two months ago. Additions include Archax, Mercado Bitcoin and Zero Hash.
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