Ripple gearing up for launch of $RLUSD
Quote from zerpie on August 1, 2024, 2:18 amRipple’s on a roll. An all new Stablecoin page is up on Ripple’s website: Transact with confidence using Ripple USD
- Hold, buy, and trade USD on-chain with a stablecoin purpose-built for payments.
- Ripple USD (RLUSD) is being designed to maintain a constant value of one US dollar. Issued on XRP Ledger and Ethereum blockchains, Ripple USD will be fully backed by a segregated reserve of cash and cash equivalents and redeemable 1:1 for US dollars.
Fine print says not yet ready – “Ripple USD’s availability will be subject to regulatory approval.” Of course, Ripple would not have announced the coming existence of RLUSD yet if they’d not be dead serious about launching it pretty soon.
There is more: Ripple also has a new page up for Crypto Business. Highlighted benefits of using Ripple and its payment solutions:
- Adapt with speed: Enable faster pay-in to liquidity providers to unlock more efficient on-ramps and meet customer demand for real-time payments.
- Access new markets: Streamline off-ramp operations and reach new customers quickly by connecting to our reliable worldwide fiat payout network.
- Drive cost efficiencies: Optimize margins with a blockchain-powered solution that reduces the number of intermediaries in your payment flows.
Plus: the new page Solutions for Neobanks and Digital Banks. Why choose Ripple?
- Reduce costs: Free up working capital with flexible funding options for foreign destination accounts.
- Expand your reach: Easily connect to 80+ payout markets around the world with one seamless integration.
- Meet the need for speed: Respond to market demand with agility by offering international payments as a service.
Ripple’s on a roll. An all new Stablecoin page is up on Ripple’s website: Transact with confidence using Ripple USD
- Hold, buy, and trade USD on-chain with a stablecoin purpose-built for payments.
- Ripple USD (RLUSD) is being designed to maintain a constant value of one US dollar. Issued on XRP Ledger and Ethereum blockchains, Ripple USD will be fully backed by a segregated reserve of cash and cash equivalents and redeemable 1:1 for US dollars.
Fine print says not yet ready – “Ripple USD’s availability will be subject to regulatory approval.” Of course, Ripple would not have announced the coming existence of RLUSD yet if they’d not be dead serious about launching it pretty soon.
There is more: Ripple also has a new page up for Crypto Business. Highlighted benefits of using Ripple and its payment solutions:
- Adapt with speed: Enable faster pay-in to liquidity providers to unlock more efficient on-ramps and meet customer demand for real-time payments.
- Access new markets: Streamline off-ramp operations and reach new customers quickly by connecting to our reliable worldwide fiat payout network.
- Drive cost efficiencies: Optimize margins with a blockchain-powered solution that reduces the number of intermediaries in your payment flows.
Plus: the new page Solutions for Neobanks and Digital Banks. Why choose Ripple?
- Reduce costs: Free up working capital with flexible funding options for foreign destination accounts.
- Expand your reach: Easily connect to 80+ payout markets around the world with one seamless integration.
- Meet the need for speed: Respond to market demand with agility by offering international payments as a service.