Ripple launches its stablecoin RLUSD, pegged to the US dollar, on December 17, 2024, after receiving approval from the New York Department of Financial Services. Initially, it will be available on the platforms Uphold, MoonPay, Archax, and CoinMENA, and later on Bitso and Bitstamp. RLUSD is backed by dollar assets and aims to compete with USDT and USDC. It will be available in the regions of America, Asia, the UK, and the Middle East, but not in the EU due to the lack of necessary licenses.
12/17/2024 1:48:02 PM (GMT+1)
Ripple launches the stablecoin RLUSD, pegged to the US dollar, from December 17, 2024, available on several platforms in the regions of America, Asia, the UK, and the Middle East 🌍
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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