📣 Singapore’s Independent Reserve Adds RLUSD to Its Listings
posted 16 hr ago
Independent Reserve, Singapore’s trailblazing crypto exchange and the first to obtain a virtual asset broker license, has announced the listing of RLUSD, Ripple’s USD-pegged stablecoin.
Independent Reserve has published details about RLUSD on its official site.
The stablecoin is open for trading on the platform’s order book and OTC desk.
RLUSD maintains a 1:1 peg to the US dollar, ensuring full backing and potential price stability. With its issuance on XRP Ledger and Ethereum, RLUSD achieves seamless compatibility across diverse blockchain ecosystems.
Read more about RLUSD in the article “Unveiling the RLUSD Stablecoin.”
Press Release on RLUSD. Source: independentreserve
RLUSD is minted under the authority of the New York State Department of Financial Services (NYDFS) in alignment with a limited purpose trust charter. This regulatory compliance underscores the integrity and reliability of the digital asset.
Lasanka Perera, CEO of Independent Reserve Singapore, stated:
As long-standing partners of Ripple, we are proud to be the first regulated exchange to offer Ripple USD. Ripple’s decision to launch its stablecoin on IR reflects the strong trust and mutual support we have built over the years.
With RLUSD now listed on Independent Reserve, users gain access to versatile applications, including:
- International transfers. The efficient networks of XRP Ledger and Ethereum enable swift, low-cost cross-border payments with RLUSD.
- DeFi integration. RLUSD works seamlessly with Ethereum’s DeFi protocols, enabling lending, borrowing, and staking options.
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