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More regulatory-compliant stablecoins like RLUSD could benefit mainstream crypto adoption worldwide.
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Ripple has announced the exchange partners for its upcoming dollar-denominated stablecoin Ripple USD (RLUSD).
The crypto infrastructure provider has partnered with cryptocurrency exchanges and platforms including Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA and Bullish to facilitate the distribution of the stablecoin.
Ripple’s new stablecoin aims to become the “gold standard for enterprise-grade stablecoins,” according to Ripple CEO Brad Garlinghouse, who wrote in an Oct. 15 announcement:
“Customers and partners have been asking for high-quality stablecoins like RLUSD to use across various financial use cases, such as payments, tokenization of real-world assets, and decentralized finance.”
Ripple’s payment solution will leverage RLUSD and the XRP (XRP) token to facilitate faster and more cost-effective cross-border payments, added Garlinghouse.
Stablecoins are the main on-ramp between the traditional and crypto economies. The issuance of more regulatory-compliant stablecoins could increase crypto adoption, by making stablecoins more accessible worldwide.
Related: Investors claim Tether’s $118B reserves may face audit and liquidity risks
This article first appeared at Cointelegraph.com News
