- Ripple fully integrates RLUSD into Ripple Payments allowing instant cross-border transactions in a stable and compliance-ready digital asset focused on institutional-grade adoption and transparency
- RLUSD stands apart from retail-focused stablecoins like USDC and USDT offering institutional investors a fully-backed alternative governed under a New York Limited Purpose Trust Company Charter and audited by BPM
- Ripple’s stablecoin entry reinforces its commitment to blockchain-based financial solutions with RLUSD ensuring liquidity management while enhancing trust security and regulatory compliance for major financial institutions
Ripple’s venture into the stablecoin market is now complete. Today, the company announced in a post that its dollar-pegged stablecoin $RLUSD is now fully integrated into the Ripple Payments platform.
Known for the governance and issuance of the second-largest altcoin by market capitalization, XRP, Ripple introduced the new currency a couple of months ago.
The move to enter the stablecoin market was made to allow Ripple clients to obtain instant settlements for cross-border payments while accomplishing these transactions in a currency pegged to the more “tangible” U.S. Dollar.
How is RLUSD Different From Other Stablecoins?
Ripple claims that its stablecoin is different from other fiat-pegged currencies in the market. Contrasting with tokens like USDC or USDT which were built for retail use — RLUSD was made with an emphasis on institutional adoption.
For this reason, $RLUSD is fully backed by cash and short-term U.S. Treasuries, ensuring its stability while complying with regulatory standards. Moreover, the stablecoin is issued under a New York Limited Purpose Trust Company Charter, ensuring regulatory compliance and institutional-grade governance. while it is regularly audited by the accounting and consulting firm BPM.
This allows RLUSD to cater to institutions and large-scale financial operations that would use Ripple’s platform to perform cross-border transactions via the XRP Ledger. By focusing on institutions, RLUSD provides compliance-ready liquidity solutions that major financial players demand for real-time settlements.
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