Introducing Ripple USD (RLUSD). Your next enterprise-grade stablecoin on Bitstamp. 💥 💥 💥 (Listed 1/8)
We’ve added Ripple USD (RLUSD) on Ethereum network to our diverse range of assets. Built with Ripple’s 10+ years of enterprise expertise, RLUSD is a robust solution designed for institutional-grade financial use cases, including payments and tokenization.
We are listing the following pairs globally
💥 RLUSD / Euro EUR
💥 RLUSD / USD Dollar
💥 RLUSD / USDT
💥 RLUSD / Bitcoin BTC
💥 RLUSD / Ethereum ETH
💥 RLUSD / XRP
What is Ripple USD (RLUSD)?
Ripple USD (RLUSD) is a stablecoin designed to maintain a steady value of one US dollar. While RLUSD is supported on both the XRP Ledger and Ethereum blockchains, we’re currently listing it on the Ethereum network. RLUSD is fully backed by cash and cash equivalents. This backing is intended to allow each RLUSD to be redeemable 1:1 in US dollars.
Why choose RLUSD?
Trust and compliance are top priorities for Ripple, and RLUSD reflects these values.
Here are the key points that make this stablecoin stand out.
🔹️ Stability: Backed 1:1 to the US dollar, RLUSD offers consistent value for payments, tokenization, and more.
🔹️Enterprise-grade trust: RLUSD is issued under a New York Trust Charter, providing top-tier trust and compliance.
🔹️A key entry to DeFi: RLUSD enables developers and users to tap into decentralized finance on the XRP Ledger, unlocking countless opportunities.
🔹️Global reach: Through partnerships, RLUSD provides easy on/off ramps between fiat, crypto, and stablecoins.
https://blog.bitstamp.net/post/introducing-ripple-usd-rlusd-your-next-enterprise-grade-stablecoin-on-bitstamp