-
There are 5 exchanges that have already confirmed the listing since day 1.
-
In the coming weeks, RLUSD will expand to other exchange houses.
Today, December 17, RLUSD, the stablecoin from the company Ripple Labs, arrives on the digital asset market.
In this first stage, the currencywhich has 1:1 parity with the US dollar, will be available in 5 Bitcoin-criptomonedas/” target=”_blank” rel=”noreferrer noopener”>bitcoin (BTC) and Cryptocurrency exchanges. Through a press releaseit was reported that RLUSD will be listed on Uphold, Bitso, MoonPay, Archax and CoinMENA.
In addition, the firm led by Brad Garlinghouse hopes that, in the coming weeks, it can be included in other exchanges such as Bullish, Bitstamp, Mercado Bitcoin, Independent Reserve, Zero Hash, among others.
As CriptoNoticias already reported, Ethereum/” target=”_blank” rel=”noreferrer noopener”>RLUSD will be backed by deposits in US dollarsgovernment bonds of that country and cash equivalents, to ensure the stability and liquidity of the asset.
Likewise, the company indicated that With the aim of guaranteeing transparency, they will publish monthly third-party audits on the reserve assets of the stablecoincarried out by an independent firm.
Within hours of its launch, Brad Garlinhouse celebrated that “as the United States moves towards clearer regulations, we hope to see greater adoption of stablecoins like RLUSD, which offer real utility, are backed by years of trust and experience in the industry ”.
Since the news broke, the price of XRP, the cryptocurrency issued by Ripple Labs, It was on the rise and in the last 24 hours it rose more than 10%. Currently its price is $2.66.
XRP quote from November to December 17, 2024. Source: TradingView.
It is important to note that RLUSD will be issued in the Ethereum network and on XRP Ledger, whose native currency is XRP.
The latter is important because the stablecoin can increase the trading volume on the XRP Ledger and, therefore, increase the use of XRP for the payment of commissions.
In this way, the demand for the XRP cryptocurrency will grow and, consequently, so will its market price.
Crypto Keynote USA
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.
