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. When launched, market makers such as B2C2 and Keyrock will also support RLUSD’s liquidity.
Creating a Secure Bridge Between Fiat and Crypto
Ripple CEO Brad Garlinghouse stated, “Our initial exchange partners reflect clear demand and our commitment to regulatory compliance, aiming to make Ripple’s stablecoin the gold standard for institutional stablecoins.” Garlinghouse added that RLUSD will provide speed, reliability, and cost advantages in cross-border payments alongside XRP and other cryptocurrencies.
RLUSD is designed for use within Ripple’s cross-border payment network and is tailored for corporate use. This stablecoin aims to facilitate real-time global payments and serve as a secure bridge between fiat and cryptocurrencies. Additionally, it will support the tokenization of real-world assets such as commodities and securities.
Experienced Figures on the RLUSD Advisory Board
Ripple announced it has formed an Advisory Board to guide the launch of RLUSD. The board will include former FDIC chair Sheila Bair, former CEO of CENTRE Consortium and JPMorgan executive David Puth, and Ripple co-founder Chris Larsen.
Sheila Bair emphasized that stablecoins will play a crucial role in modernizing financial infrastructure and enhancing financial inclusion, stating, “As the digital asset sector grows, adopting responsible innovations will be critical for consumer protection and financial stability.” David Puth noted that stablecoins will provide the necessary balance between traditional finance and the crypto market while offering stability required for transactions and transparency through Blockchain technology.
In a recent talk at Korea Blockchain Week, Ripple CEO Garlinghouse mentioned that the launch of RLUSD would happen “within weeks,” although he did not provide a specific date. He also clarified that due to the SEC‘s “hostile” stance towards crypto, they are not considering a public offering in the United States.
