According to CoinDesk and ChainCatcher News, Ripple Research Institute has announced that exchange and market maker partners for the upcoming USD-pegged stablecoin RLUSD are awaiting regulatory approval from the New York Department of Financial Services (NYDFS). . Ripple has partnered with exchanges such as Bitstamp, Bitso, and Blish, while Keylock and B2C2 will act as market makers for RLUSD.
Ripple Labs President Monica Long said RLUSD will serve as an important bridge between payments and the tokenization of real assets, and will be backed by short-term U.S. Treasuries, dollar deposits, and cash equivalents. RLUSD will be tested on the XRP Ledger and Ethereum networks and is expected to launch in the near future.
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