Ripple's Stablecoin RLUSD Expands to Two More Exchanges
1min read Ripple USD (RLUSD), a stablecoin developed by Ripple, has expanded its reach by adding two new exchanges, Zero Hash and Revolut, bringing the total number of supported platforms to fourteen. This move is part of Ripple's ongoing efforts to broaden the accessibility and utility of its digital currency services.
RLUSD is a regulated stablecoin that maintains a one-to-one value relationship with the U.S. dollar. It is issued natively on both the XRP Ledger and Ethereum blockchain, providing users with flexibility across different blockchain networks. The addition of Zero Hash and Revolut to the list of supported exchanges, which now includes Uphold, Moonpay, B2C2, Keyrock, Coinmena, Archax, Bitso, JST Digital, Independent Reserve, Bullish, MB, Zero Hash, Revolut, and Bitstamp, further enhances the stablecoin's liquidity and accessibility.
Each unit of RLUSD is fully backed by a segregated reserve consisting of cash and cash equivalents, ensuring that users can redeem their holdings at a fixed rate. This backing structure provides stability and trust in the digital asset. To maintain transparency and regulatory compliance, RLUSD undergoes monthly reserve attestations conducted by an independent certified public accountant.
Zero Hash, one of the new platform partners, has integrated RLUSD into its ecosystem, enabling its customers to use the stablecoin for various financial transactions. Edward Woodford, founder and CEO of Zero Hash, expressed enthusiasm about the integration, stating that it demonstrates the company's commitment to providing access to innovative and regulated stablecoin technologies.
The Zero Hash platform now supports over 65 digital assets, including five stablecoins, across multiple blockchain networks. Its API and SDK infrastructure allows for diverse applications of RLUSD, ranging from basic payments to more complex financial services. Through the Zero Hash integration, RLUSD can be utilized for remittances, account funding, tokenization, and AI agent payments. The platform also supports integration with other financial service providers such as Stripe for payouts and Shift4 for on-ramping.
The expansion to Revolut's platform opens up RLUSD to a broader user base, as the financial technology company serves millions of customers globally. RLUSD's presence on fourteen exchanges represents a growing network of platforms where users can access and trade the stablecoin, increasing liquidity and accessibility for users interested in utilizing RLUSD for trading or payments.
