Ripple 
$1 has revealed its first exchange and platform partners for the upcoming stablecoin RLUSD. The company announced collaborations with Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish. Upon launch, market makers such as B2C2 and Keyrock will also support RLUSD’s liquidity.
Building a Secure Bridge Between Fiat and Crypto
Ripple CEO Brad Garlinghouse stated, “Our initial exchange partners reflect significant demand and our commitment to regulatory compliance, positioning Ripple’s stablecoin as the gold standard for institutional stablecoins.” He added that RLUSD will provide speed, reliability, and cost advantages in cross-border payments alongside XRP and other cryptocurrencies.
Designed for Ripple’s cross-border payment network, RLUSD aims to facilitate real-time global payments and act as a secure bridge between fiat and cryptocurrencies. It will also support the tokenization of real-world assets, such as commodities and securities.
Experienced Figures Join RLUSD Advisory Board
Ripple announced the formation of an Advisory Board to guide the launch of RLUSD. The board will include former FDIC chair Sheila Bair, former CEO of the CENTRE Consortium and JPMorgan executive David Puth, and Ripple co-founder Chris Larsen.
Sheila Bair emphasized the crucial role of stablecoins in modernizing financial infrastructure and increasing financial inclusion, stating, “As the digital asset sector grows, the adoption of responsible innovation will be critical for consumer protection and financial stability.” David Puth noted that stablecoins can provide the necessary balance between traditional finance and the crypto market, ensuring stability while offering transparency and efficiency through blockchain technology.
CEO Garlinghouse mentioned at last month’s Korea Blockchain Week that the launch of RLUSD could happen in “weeks,” though no exact date was provided. He also indicated that Ripple has no plans to go public in the U.S. due to the SEC‘s “hostile” stance towards cryptocurrency.
