Ripple USD Stablecoin Now Live on ZeroHash and Revolut
RLUSD, Ripple’s stablecoin, is officially now available for trading on two major crypto trading platforms.
As per the post on X, Ripple’s USD is now available on Zero Hash, a provider of crypto-as-a-service solutions, and Revolut, a financial tech company that offers crypto trading.
Ripple USD Live on ZeroHash and Revolut, Source: X
Ripple USD (RLUSD) allows users to hold, buy, and trade tokenized USD on-chain with a stablecoin held to higher standards, backed by fully transparent reserves.
Ripple USD is designed to maintain a constant value of one US dollar, and it is issued natively on the XRP Ledger and Ethereum blockchains. It is fully backed by a segregated reserve of cash and cash equivalents, redeemable 1:1 for US dollars.
RLUSD has received regulatory approval from the New York Department of Financial Services (NYDFS) and it started trading globally on December 17.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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