Stablecoin News

Bitstamp Lists Ripple RLUSD Stablecoin On the Ethereum Network: Details

Bitstamp lists Ripple's RLUSD stablecoin on Ethereum, offering USD, EUR, BTC, ETH, XRP, and USDT pairs with 1:1 USD backing and compliance.
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Bitstamp Lists Ripple RLUSD Stablecoin On the Ethereum Network: Details

Highlights

  • Bitstamp lists Ripple's RLUSD stablecoin on Ethereum, supporting USD, EUR, BTC, ETH, XRP, and USDT trading pairs.
  • Ripple RLUSD is backed 1:1 by USD, issued under a New York Trust Charter, ensuring stability and regulatory compliance.
  • RLUSD supports payments, tokenization, and DeFi use cases, boosting Ripple's enterprise-grade financial solutions.

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RLUSD Stablecoin Goes Live on Bitstamp

In a recent blog post by Bitstamp, it announced that Ripple USD (RLUSD) is now tradable on the platform. The stablecoin is supported on the Ethereum network and can be traded against six major pairs: USD, EUR, BTC, ETH, XRP, and USDT.

Ripple USD (RLUSD) is a stablecoin backed 1:1 by US dollars and cash equivalents, ensuring consistent value and reliability. Its design aligns with stringent regulatory standards, including issuance under a New York Trust Charter. This backing ensures that RLUSD meets the demands of both individual and institutional users looking for secure financial tools.

This is coming over the recent news that Bitstamp is considering establishing a derivatives exchange on XRP Ledger due to low fees and high-speed transactions. Should this be the case, it will open up the ledger for more usage and potentially bring more usage for XRP in the crypto space.

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Enterprise-Grade Features of Ripple RLUSD Stablecoin

Ripple designed RLUSD for enterprise-grade financial applications, tailoring it for payments, tokenization, and decentralized finance (DeFi). RLUSD provides a dependable option for businesses seeking blockchain-powered efficiencies by leveraging Ripple’s expertise in enterprise solutions.

Designed for institutional-grade applications, it offers stability and compliance, making it an ideal choice for payments and tokenization.

Additionally, the stablecoin availability on the Ethereum network enhances its usability within decentralized ecosystems. Developers and users can utilize RLUSD to explore opportunities in DeFi, ranging from liquidity pools to decentralized exchanges. This positioning makes RLUSD a key entry point for those looking to integrate blockchain into traditional financial systems.

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Stablecoin Trust and Compliance Features

Moreover, one of the distinguishing features of Ripple RLUSD is its regulatory compliance. Issued under a New York Trust Charter, RLUSD adheres to high standards of transparency and accountability. This charter provides users with confidence in the coin’s stability and trustworthiness.

Bitstamp has highlighted that RLUSD global reach is boosted through partnerships, offering seamless on/off ramps between fiat, cryptocurrencies, and stablecoins. This functionality will facilitate cross-border transactions and streamline the adoption of digital assets.

Amid the growing Ripple ecosystem and its recent RLUSD stablecoin launch, Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty met Donald Trump at Mar-a-Lago. The meeting marks a pivotal start to 2025 as Ripple continues to expand its offerings and strengthen its market presence.

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

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