RLUSD Debuts on Bitpanda, Expanding Ripple’s Stablecoin Reach

CN
19 hours ago

Growing interest in stablecoins continues to reshape the digital payments landscape as major exchanges expand their listings of asset-backed tokens. Austrian digital assets service provider Bitpanda announced on Oct. 30 that it has added Ripple’s U.S. dollar–backed stablecoin, Ripple USD (RLUSD), to its trading platform. The token aims to combine traditional financial stability with blockchain efficiency, further positioning Ripple in the evolving stablecoin market.

RLUSD Debuts on Bitpanda, Expanding Ripple’s Stablecoin Reach

Ripple’s RLUSD is fully collateralized with U.S. dollars on a 1:1 basis and undergoes monthly attestations to ensure transparency. The company stated that the stablecoin is designed specifically to support cross-border transactions and real-time settlement, addressing a long-standing friction point in global payments. RLUSD operates on both the Ethereum and XRP Ledger networks, broadening its interoperability and appeal among users seeking fast, low-cost transfers. Bitpanda noted: “RLUSD is not available for EEA users,” indicating regulatory or regional restrictions on access within the European Economic Area.

Besides Bitpanda, RLUSD is available across a broad range of global exchanges and payment providers, including Alchemy Pay, Archax, B2C2, Banxa, Bitget, Bitmex, Bitso, Bitstamp, Bullish, Bybit, Chipper, Coinmena, Flowdesk, Gemini, Independent Reserve, JST Digital, Keyrock, Kraken, Mesh, LMAX Digital, Moonpay, PDAX, Revolut, Transak, Uphold, VALR, Yellow Card, and Zero Hash. Analysts see this wide distribution as a sign of increasing demand for fiat-backed digital assets on both centralized and decentralized platforms. Supporters of stablecoins believe RLUSD and similar tokens could help stabilize crypto markets, improve payment systems, and boost global liquidity.

Ripple designed RLUSD to meet institutional standards and regulatory expectations. On Sept. 16, Jack McDonald, senior vice president of stablecoins at Ripple, emphasized the token’s focus on interoperability and compliance. “As regulatory clarity increases and infrastructure matures, a growing number of companies are exploring stablecoin issuance,” he said. Bluechip, an independent agency, ranked RLUSD as the top stablecoin with an “A” rating, citing strong asset backing, governance, and transparency.

  • How does Bitpanda’s listing of Ripple’s RLUSD impact Ripple’s global growth?
    Bitpanda’s integration of RLUSD significantly expands Ripple’s international footprint, strengthening its influence in cross-border payments and digital asset markets.
  • What makes RLUSD appealing to investors and institutions?
    RLUSD is fully backed 1:1 by U.S. dollars, undergoes monthly attestations, and operates across Ethereum and XRP Ledger, offering transparency, stability, and interoperability.
  • Why is RLUSD considered a strategic advantage for Ripple in the stablecoin sector?
    RLUSD reinforces Ripple’s leadership in compliant, real-time settlements by merging traditional financial assurance with blockchain efficiency for global payments.
  • What does RLUSD’s widespread exchange availability signal for the market?
    Its listing across major global exchanges highlights rising investor demand for regulated, fiat-backed digital assets and indicates accelerating mainstream adoption of stablecoins.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink