Stay up to date with the CriptoTendencia WhatsApp channel: Instant news about Bitcoin, Altcoins, DeFi, NFT, Blockchain and Metaverse. Subscribe!
The renowned financial services company, Bitso, continues to consolidate its leadership in Latin America by announcing the inclusion of a new asset to its platform. This is Ripple USD (RLUSD), a stablecoin with 1:1 parity with the US dollar, designed to respond to the growing needs for security, liquidity and trust in the region.
This stablecoin focused on cross-border payments comes as a complement to Bitso’s already extensive stablecoin offering, confirming its commitment to providing innovative solutions to both individual and corporate users throughout Latin America.
RLUSD trades at parity against the dollar. Source: Bitso
More Read
A stablecoin designed for the future
The RLUSD is a currency backed by an equivalent amount of US dollars and other liquid assets, ensuring not only its stability, but also its usefulness in international transactions.
Specifically designed to support cross-border remittance and payment processes, RLUSD perfectly fits the needs of a Latin American market that is increasingly betting on crypto solutions to face macroeconomic ups and downs.
Bitso is proud to be among the first to list RLUSD and share this important milestone with Ripple. Our long-standing relationship with Ripple has allowed us to collaboratively explore innovative use cases, such as cross-border payments, where we have facilitated agile, secure and transparent transactions. We believe this new stablecoin will greatly benefit our individual and corporate clients throughout Latin America. We are excited to continue strengthening our bond with Ripple.
Daniel Vogel, CEO and co-founder of Bitso
Benefits for various users
The use of stablecoins such as RLUSD continues to increase in the region, thanks to its multiple advantages.
- Individuals: These currencies have become an accessible and efficient haven of value, providing a tool to protect against the devaluation of local currencies and generate returns.
- Companies and Corporations: The functionality of RLUSD makes it an ideal option to process money transfers, make international payments and manage transactions between countries with transparency and speed, thanks to blockchain technology.
RLUSD on Bitso Alpha and ERC-20
With the aim of offering greater versatility to its users, the new stablecoin is available on the advanced trading platform Bitso Alpha, with the RLUSD/MXN pair enabled for those looking to trade with this new currency.
Additionally, RLUSD operates as an ERC-20 token on the Ethereum blockchain, allowing users to make deposits and withdrawals with ease, further enhancing the accessibility and utility of this Cryptocurrency.
A strategic alliance for Latin America
The strong relationship between Bitso and Ripple has played a key role in the development and implementation of innovative solutions in the region. Through this alliance, both companies have promoted practical use cases, especially in the field of international payments, which demand fast, reliable and borderless transactions.
With the inclusion of RLUSD, Bitso reaffirms its commitment to democratizing financial services in Latin America, providing tools that harmonize innovation and trust for users looking for efficient solutions to challenging economic situations.
Without a doubt, the launch of Ripple USD marks a new milestone in the regional crypto landscape, and everything indicates that its adoption will be one more key on the path to a more inclusive and modern financial system.
Related
Crypto Keynote USA
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.
