Ripple USD Stablecoin Now Live on ZeroHash and Revolut

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.

RLUSD Live on ZeroHash and Revolut — Ripple USD Live on ZeroHash and Revolut, Source: X

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

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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