Ripple's RLUSD Stablecoin Now Available on Transak for Global Access

Ripple’s RLUSD stablecoin has been integrated into the Transak platform, marking a significant expansion in its global accessibility. This move allows users worldwide to purchase RLUSD using multiple fiat currencies and payment methods, streamlining the process and enhancing user convenience. The stablecoin, which is backed by the US dollar on a 1:1 basis, is now available on the Ethereum blockchain with full regulatory compliance, ensuring transparency and security for users.

The integration with Transak is a major upgrade for RLUSD operations, as it brings the stablecoin to a broader audience. Transak's extensive user base, which includes over 8.3 million users, can now easily access and purchase RLUSD. This integration is part of Ripple's broader strategy to expand the reach and usability of its stablecoin. The stablecoin's availability on Transak is expected to further boost its adoption and usage, as users can now seamlessly convert their fiat currencies into RLUSD.

The addition of RLUSD to Transak's platform is a strategic move that aligns with Ripple's goal of making digital assets more accessible and user-friendly. By leveraging Transak's infrastructure, Ripple is able to provide a more convenient and efficient way for users to acquire RLUSD, which can be used for various purposes, including payments, remittances, and investments. This integration also underscores Ripple's commitment to regulatory compliance and transparency, as RLUSD is backed by US dollar reserves and operates within the framework of existing regulations.

RLUSD, originally designed for enterprise use cases such as global settlements and on-chain treasury management, is now easily available to retail users via a user-friendly on-ramp. Issued under a New York trust charter and regulated by the New York Department of Financial Services, RLUSD ensures full compliance with US financial laws. Each RLUSD token is backed 1:1 by US dollars and cash equivalents, with assets held in a segregated reserve. Monthly attestation reports offer additional transparency, meeting the increasing demand for fully auditable stablecoin reserves. The stablecoin is issued by Standard Custody, a Ripple subsidiary that is licensed as a limited purpose trust company by the NYDFS.

Transak’s decision to support RLUSD shows its commitment to compliant infrastructure. The company is registered with the UK Financial Conduct Authority, licensed as a Money Services Business with FinCEN in the United States, and holds Virtual Asset Service Provider registrations in the EU. The RLUSD onboarding experience through Transak is enhanced with multi-tiered KYC verification, 24/7 live support, and leading security certifications, including ISO 27001 and SOC 2 compliance. This allows users to buy RLUSD with peace of mind and confidence in regulatory soundness.

Ripple launched RLUSD earlier this year as part of its broader effort to enter the stablecoin sector with a highly compliant, US-based solution. With regulatory uncertainty still looming over many stablecoins, RLUSD aims to offer a “safe harbor” for institutions and fintechs that require legally sound, transparent payment instruments. Unlike algorithmic or offshore-issued stablecoins, RLUSD benefits from Ripple’s institutional reputation, a segregated asset reserve, and oversight from a top US regulatory body. Transak’s global reach and seamless user experience provide the missing link to put this stablecoin in the hands of both institutional and retail users.

Users can now purchase RLUSD directly by visiting globaltransak.com, or by using Transak within their favorite Web3 wallet or dApp. This integration is expected to drive further adoption of RLUSD and contribute to its growth in the stablecoin market. As Ripple continues to innovate and expand its offerings, the integration of RLUSD with Transak is a testament to its commitment to providing a robust and user-friendly stablecoin solution.