Ripple Announces RLUSD Stablecoin Plans with Key Exchange Partners Ahead of Launch

Ripple has officially revealed the initial lineup of exchanges and platforms that will support its forthcoming stablecoin, RLUSD, as the company prepares for its launch. The digital asset infrastructure provider announced partnerships with prominent exchanges and platforms such as Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish. Additionally, market makers B2C2 and Keyrock are set to play a critical role in ensuring liquidity for RLUSD at launch.

Ripple CEO Brad Garlinghouse expressed confidence in the stablecoin’s potential, emphasizing its strong foundation in regulatory compliance and the growing demand for enterprise-grade digital assets. "With a clear focus on utility, demand, and a robust set of exchange partners, RLUSD is positioned to become the gold standard for stablecoins in enterprise use," Garlinghouse noted.

Garlinghouse, speaking at Korea Blockchain Week, hinted at an imminent launch of RLUSD, stressing that it would arrive "in weeks, not months." Despite the impending launch, Ripple has not yet provided an official release date. The CEO also reaffirmed his disinterest in taking Ripple public within the U.S. due to the Securities and Exchange Commission’s unfriendly attitude toward the cryptocurrency sector.

RLUSD is designed to serve the global payments network Ripple has built, aiming to streamline cross-border transactions with speed and cost-efficiency. Each RLUSD token will be fully backed by U.S. dollar reserves, government bonds, and other cash equivalents, providing stability for real-time, enterprise-level payments. Ripple is planning to roll out the stablecoin on both the XRP Ledger and Ethereum, with issuance overseen by a New York Trust Company Charter.

Ripple has also formed an RLUSD Advisory Board to guide its market entry, featuring key figures such as former FDIC Chair Sheila Bair, CENTRE Consortium CEO David Puth, and Ripple co-founder Chris Larsen. Bair highlighted the crucial role of stablecoins in evolving the financial infrastructure, while Puth emphasized their potential to bridge the gap between traditional finance and the blockchain space.

With a focus on responsible innovation, RLUSD is positioned to not only meet the demands of the digital economy but also set a new standard in regulatory-compliant stablecoins, enhancing both financial inclusion and market stability.