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 the liquidity of RLUSD.
Building a Secure Bridge Between Fiat and Crypto
Ripple’s CEO, Brad Garlinghouse, stated, “Our initial exchange partners highlight the clear demand and the emphasis on compliance with regulations, 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.
Developed for use in Ripple’s cross-border payment network, RLUSD is designed for corporate use. This stablecoin aims to facilitate real-time global payments and will serve as a secure bridge between fiat and cryptocurrencies. It will also support the tokenization of real-world assets such as commodities and securities.
Experienced Individuals on the RLUSD Advisory Board
Ripple announced the formation of an Advisory Board to guide the launch of RLUSD. The board will include Sheila Bair, the former chair of the FDIC, former CENTRE Consortium CEO and JPMorgan executive David Puth, and Ripple co-founder Chris Larsen.
Sheila Bair emphasized that stablecoins will play a significant role in modernizing financial infrastructure and enhancing financial inclusion, stating, “As the digital asset sector grows, adopting responsible innovations will be crucial for consumer protection and financial stability.”
David Puth noted that stablecoins can provide the necessary balance between traditional finance and the crypto market. He stated, “Stablecoins offer the stability needed for transactions while providing transparency and efficiency through blockchain technology.”
During a discussion at last month’s Korea Blockchain Week event, Ripple CEO Garlinghouse mentioned that the launch of RLUSD would happen “within weeks,” although he did not provide a specific date. Additionally, Garlinghouse explained that due to the SEC‘s “hostile” attitude toward crypto, they are not considering a public offering in the U.S.
