RLUSD, Ripple’s stablecoin, is officially now available for trading on two major crypto trading platforms.
As per the post on X, Ripple’s USD is now available on Zero Hash, a provider of crypto-as-a-service solutions, and Revolut, a financial tech company that offers crypto trading.
Ripple USD (RLUSD) allows users to hold, buy, and trade tokenized USD on-chain with a stablecoin held to higher standards, backed by fully transparent reserves.
Ripple USD is designed to maintain a constant value of one US dollar, and it is issued natively on the XRP Ledger and Ethereum blockchains. It is fully backed by a segregated reserve of cash and cash equivalents, redeemable 1:1 for US dollars.
RLUSD has received regulatory approval from the New York Department of Financial Services (NYDFS) and it started trading globally on December 17.
Also Read: Ripple Mints 1M More RLUSD Tokens, Market Cap Nears $110M
