And so, the grand symphony of cryptocurrency continues to unfold, with Ripple‘s RLUSD stablecoin taking center stage. Like a phoenix rising from the ashes, this stablecoin has burst forth onto the scene, leaving a trail of excitement in its wake.
The RLUSD Stablecoin: A New Era Dawns
In a move that has sent shockwaves through the crypto community, Ripple announced that its RLUSD stablecoin is now available for trading on not one, but two esteemed platforms: Zero Hash and Revolut. The news has been met with a chorus of approval, with many hailing it as a major coup for the XRP ecosystem.
Zero Hash, never one to shy away from innovation, has confirmed the development in a post, stating that it has expanded its stablecoin offerings with the addition of Ripple USD. And what a welcome addition it is! This integration will allow customers to access the stablecoin, processing transactions on both the XRP Ledger and Ethereum networks with ease.
Edward Woodford, the founder and CEO at Zero Hash, had this to say about the development: “The addition of RLUSD to our ecosystem demonstrates Zero Hash’s commitment to providing our customers with access to the most innovative and regulated stablecoin technologies.”
One can almost hear the sound of champagne corks popping in the background, as the crypto community celebrates this major milestone.
And it’s not just Zero Hash that’s jumping on the RLUSD bandwagon. Margex, another crypto trading platform, has also announced that it will be listing the stablecoin, alongside other stablecoin offerings. It’s a veritable stablecoin extravaganza, with Ripple’s regulated stablecoin available on a plethora of platforms, including Bitstamp, Uphold, Bullish, Independent Reserve, Moonpay, Bitso, and Coinmena.
Ripple’s CLO Weighs In On The Future Of Crypto In The US
In a recent interview with CNBC, Ripple’s CLO Stuart Alderoty shared his thoughts on the future of crypto in the US. And what a breath of fresh air his words were! Alderoty hailed the changes made under Donald Trump’s administration as “fantastic,” a sentiment that’s sure to raise a few eyebrows.
The legal expert also discussed the policy changes made by the US Securities and Exchange Commission (SEC) under the acting Chair, Mark Uyeda, including the creation of the crypto task force. Alderoty commended these moves, highlighting the significant shift in the regulatory environment from what was attainable under Gary Gensler’s SEC.
And if that wasn’t enough, Alderoty also had kind words for Crypto Czar David Sacks, stating that he believes Sacks is the right man for the job. Ripple has even been in contact with Sacks to assist with implementing the right crypto policies. It’s a match made in heaven, or so it seems.
Sacks, never one to shy away from controversy, had previously revealed that the US was evaluating the creation of a Strategic Bitcoin Reserve. And in a move that’s sure to send shockwaves through the crypto community, he praised the RLUSD stablecoin and other stablecoins, stating that they can potentially ensure the US dollar‘s dominance internationally.
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2025-02-05 21:34