As a seasoned crypto investor with a knack for spotting promising opportunities, I find Ripple‘s upcoming launch of RLUSD particularly intriguing. With my past experiences navigating the volatile crypto market, I can tell you that stablecoins like RLUSD, backed by fiat currencies or assets, are a welcome addition to the portfolio.
Ripple has unveiled the planned release date for their eagerly awaited RLUSD stablecoin. Moreover, they’ve disclosed essential information about the trading platforms where the stablecoin will initially be accessible following its debut.
Ripple To Launch RLUSD On December 17
In a recent announcement, Ripple revealed plans to debut its stablecoin, the Ripple USD (RLUSD), on December 17. This digital currency will be accessible on various international platforms including Uphold, Bitso, MoonPay, Archax, and CoinMENA.
In the upcoming weeks, you can expect more listings of RLUSD tokens on various platforms like Bullish, Bitstamp, Mercado Bitcoin, Independent Reserve, Zero Hash, and several others. The crypto company stated that each RLUSD token is secured by US dollar reserves, US government bonds, and cash equivalents to maintain its stability, dependability, and market fluidity.
To ensure transparency, Ripple plans to release regular, monthly reports detailing the reserves of RLUSD, which will be verified by an external auditing company.
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2024-12-16 19:21