Blockchain firm Ripple says it is preparing to bring its stablecoin to the world’s exchanges.
The dollar-backed Ripple USD (RLUSD) will be available beginning Dec. 17, the company announced Monday (Dec. 16), in the latest example of rising enthusiasm in the digital asset sector following the election of Donald Trump last month.
“Early on, Ripple made a deliberate choice to launch our stablecoin under the NYDFS limited purpose trust company charter, widely regarded as the premier regulatory standard worldwide,” Ripple CEO Brad Garlinghouse said in a news release. “As the U.S. moves toward clearer regulations, we expect to see greater adoption of stablecoins like RLUSD, which offer real utility and are backed by years of trust and expertise in the industry.”
According to the release, RLUSD will be initially available on Uphold, Bitso, MoonPay, Archax, and CoinMENA, and is expected to become available on…
