Ripple Announces Launch of RLUSD Stablecoin on Two Major Trading Platforms

By / / Crypto News, Daily News
Ripple Announces Launch of RLUSD Stablecoin on Two Major Trading Platforms
Table Of Contents
  1. Ripple's RLUSD Stablecoin Now Available on Zero Hash and Revolut
  2. Aims to Compete for Market Share from Leading Stablecoins
  3. How Big Is the Expansion of RLUSD?
  4. Why is RLUSD a Safer Stablecoin?
  5. How Does RLUSD Maintain Value Stability?
  6. Conclusion

Ripple’s RLUSD Stablecoin Now Available on Zero Hash and Revolut

  • Ripple Labs, a leading blockchain-based payment solutions company, is further establishing its dominance in the financial space with the announcement of Ripple USD (RLUSD), a fiat-backed stablecoin.
  • A step closer to mass adoption, RLUSD has officially launched on Zero Hash and Revolut, two of the biggest players in the digital asset space.
  • This strengthens the XRP ecosystem by adding liquidity and seamless transaction capabilities.

Aims to Compete for Market Share from Leading Stablecoins

  • Ripple’s stablecoin, RLUSD, strategically targets the biggest contenders of USDT and USDC in terms of market dominance.
  • The Zero Hash and Revolut partnership brings about seamless, efficient, and low-cost digital dollars by Ripple to customers using the XRP Ledger (XRPL).
  • With such adoption, RLUSD can help change the dynamics of stablecoins towards greater liquidity, stability, and better cross-border transactions within the industry.
  • With the support of Ripple’s infrastructure and growing integration of the platform, RLUSD is now gaining ground strongly in the stablecoin market.

How Big Is the Expansion of RLUSD?

On December 22, 2024, RLUSD also marked another significant milestone by listing on Independent Reserve, a licensed cryptocurrency exchange in Singapore.

  • With this listing, Independent Reserve became the first exchange in Singapore to list RLUSD, allowing users to trade the stablecoin against both Singapore dollars (SGD) and US dollars (USD) via order books and over-the-counter (OTC) transactions.
  • This integration increases cross-border liquidity by providing businesses and individuals with an accelerated, cost-effective global payments solution.

Expansion into new markets demonstrates Ripple’s dedication to actualizing real-world utility for RLUSD.

Why is RLUSD a Safer Stablecoin?

Ripple’s RLUSD has been identified as a safer stablecoin for various reasons:

  • 1:1 Fiat Backing: RLUSD is fully fiat-backed, guaranteeing price stability and minimal volatility.
  • Built on XRPL: The XRP Ledger has low transaction fees and high-speed settlements, making RLUSD an efficient option for its users.
  • Regulatory Compliance: Ripple complies with strong regulatory frameworks that ensure transparency and trust in RLUSD.
  • Increased Liquidity: Since RLUSD integrates with Zero Hash, Revolut, and Independent Reserve, this stablecoin has become widely adopted in the market.

These features place RLUSD as a reliable and safe alternative to existing stablecoins, bolstering its legitimacy among traders, businesses, and institutions.

How Does RLUSD Maintain Value Stability?

  • RLUSD maintains its stability by pegging its value against the US dollar, which results in minimal fluctuation.
  • Such 1:1 backing ensures RLUSD’s value remains consistent, unlike the volatility seen in other cryptocurrencies.
  • For businesses and individuals, this stability is critical, allowing them to engage in blockchain-based financial activities without worrying about sudden price changes.
  • Whether for daily transactions, international payments, or institutional trading, RLUSD offers a reliable and secure stablecoin solution.

Conclusion

  • With strategic partnerships and continued expansion, Ripple’s RLUSD is expected to transform the stablecoin landscape.
  • Integrations with Zero Hash, Revolut, and Independent Reserve show that RLUSD is on an uptrend and has strong growth potential in the digital payments industry.
  • The infrastructure of Ripple will continue to support its growth, providing a solid, scalable, and efficient stablecoin for the future: RLUSD.

Can RLUSD take the stablecoin market by storm? Only time will tell.

Stay tuned for more updates as Ripple increases its footprint in the crypto space!

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