CandleFocus Ripple Names Exchange Partners for Stablecoin RLUSD, Awaits NYDFS Approval
2024-10-15
Author: Content Editor
Ripple Labs has announced its exchange and market maker partners for RLUSD, its upcoming stablecoin. The partners include Bitstamp, Bitso, Bullish, CoinMENA, Independent Reserve, MoonPay, and Uphold for distributing RLUSD, while Keyrock and B2C2 will serve as market makers. Ripple is waiting for regulatory approval from the New York Department of Financial Services for the public launch of RLUSD. The company has also added Sheila Bair, former FDIC Chair, and David Puth, ex-CEO of Centre, to the advisory board for its stablecoin operation. RLUSD's value will be backed by US Treasuries, dollar deposits, and cash equivalents.
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