Ripple Launches RLUSD Stablecoin on Uphold, Bitstamp, and Bullish

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The blockchain and digital payments company Ripple has officially introduced its U.S. dollar-pegged stablecoin, RLUSD, marking a significant expansion into the rapidly growing stablecoin market. Designed to maintain a 1:1 parity with the U.S. dollar, RLUSD is now live across multiple platforms and blockchain networks, including the XRP Ledger and Ethereum, signaling Ripple’s strategic move to challenge dominant players like Tether and Circle.

RLUSD is now available on major centralized exchanges and financial platforms such as Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish, offering users broad access to the new digital asset. This multi-platform rollout strengthens Ripple’s ecosystem and enhances liquidity options for institutional and retail users alike.

What Is RLUSD and How Does It Work?

RLUSD is a fiat-backed stablecoin fully collateralized by U.S. dollar deposits, short-term U.S. government bonds, and other cash equivalents. This reserve structure ensures stability and trust, two critical factors in the volatile cryptocurrency market. Unlike algorithmic stablecoins that rely on complex mechanisms to maintain value, RLUSD follows a traditional model—each token is directly backed by real-world assets.

The stablecoin operates on both the Ethereum network (ERC-20) and the XRP Ledger (XRPL), allowing for fast, low-cost transactions across ecosystems. This dual-chain deployment increases interoperability and supports Ripple’s vision of seamless cross-border payments and financial inclusion.

👉 Discover how next-generation stablecoins are reshaping global finance

A Transparent Approach to Stablecoin Issuance

One of Ripple’s key differentiators in launching RLUSD is its commitment to transparency and regulatory compliance. In contrast to some stablecoin issuers that have faced scrutiny over reserve adequacy, Ripple has pledged to publish monthly attestations verified by an independent third-party accounting firm. While the identity of the auditor has not yet been disclosed, this level of accountability aims to build confidence among users, regulators, and institutional partners.

Additionally, RLUSD is guided by a dedicated advisory board composed of respected financial leaders:

This high-caliber oversight underscores Ripple’s intent to position RLUSD as a trustworthy, compliant digital dollar solution in an increasingly regulated environment.

Challenging the Stablecoin Giants

The global stablecoin market is currently dominated by two major players: Tether (USDT) and Circle (USDC), which together control over 90% of trading volume. With a market capitalization exceeding $150 billion, the sector is poised for exponential growth—Ripple CEO Brad Garlinghouse has predicted it could reach **$3 trillion by 2030**.

By launching RLUSD, Ripple isn’t just entering the space—it’s aiming to redefine it. The company brings years of experience in cross-border payments through its On-Demand Liquidity (ODL) service, which already leverages XRP for real-time settlement. RLUSD could become a cornerstone of this infrastructure, offering a regulated, efficient alternative for banks, payment providers, and fintechs.

Moreover, Ripple’s deep partnerships with financial institutions and regulatory engagement—especially in regions like the Middle East and Latin America—give it a strategic edge in scaling RLUSD globally.

👉 Explore the future of digital dollars and blockchain-based payments

Why Platform Availability Matters

The decision to list RLUSD on platforms like Uphold, Bitstamp, and Bullish is not incidental—it reflects a calculated strategy to maximize accessibility and utility.

These integrations allow users to buy, sell, and transfer RLUSD with confidence, while also enabling developers and enterprises to build financial applications on top of a stable, transparent digital dollar.

FAQ: Your Questions About RLUSD Answered

Q: Is RLUSD backed 1:1 by U.S. dollars?
A: Yes. Each RLUSD token is fully backed by U.S. dollar deposits, U.S. government securities, and cash equivalents, ensuring a stable 1:1 peg to the U.S. dollar.

Q: On which blockchains can I use RLUSD?
A: RLUSD is available on both the Ethereum network (as an ERC-20 token) and the XRP Ledger, offering flexibility for developers and users across ecosystems.

Q: How does Ripple ensure transparency with RLUSD reserves?
A: Ripple commits to monthly third-party attestations of reserves. These reports will be published regularly to maintain trust and regulatory compliance.

Q: Can I trade RLUSD on major exchanges?
A: Yes. RLUSD is listed on Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish, with more platforms expected to follow.

Q: Who oversees the RLUSD project?
A: The RLUSD advisory board includes Sheila Bair (former FDIC Chair), Chris Larsen (Ripple co-founder), and David Puth (ex-CEO of CENTRE), bringing deep financial expertise and regulatory insight.

Q: How does RLUSD differ from USDT or USDC?
A: While similar in structure, RLUSD benefits from Ripple’s global payment network, strong regulatory posture, and integration with the XRP Ledger—offering unique advantages for cross-border use cases.

👉 See how RLUSD compares with other leading stablecoins in real time

The Road Ahead for Ripple and Digital Finance

Ripple’s launch of RLUSD represents more than just a new token—it’s a bold step toward building a more inclusive, efficient financial system. As governments worldwide explore central bank digital currencies (CBDCs) and regulators tighten oversight on private stablecoins, projects like RLUSD that prioritize transparency, compliance, and utility are likely to gain long-term traction.

With its robust infrastructure, experienced leadership team, and strategic platform partnerships, Ripple is positioning itself at the forefront of the next phase of digital finance. Whether used for remittances, trading, or decentralized applications, RLUSD could become a vital bridge between traditional finance and the blockchain economy.

As the stablecoin landscape evolves, one thing is clear: innovation, trust, and accessibility will define the winners. And with RLUSD, Ripple is making a strong case for why it belongs in the top tier.

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