{
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ripple usd stablecoin set to launch trading globally tomorrow

Ripple's new stablecoin, Ripple USD (RLUSD), will debut for global trading on December 17, following approval from the New York Department of Financial Services. Backed 1:1 by US dollar deposits and short-term government securities, RLUSD aims to enhance cross-border payments and integrate with decentralized finance protocols.Key appointments to its advisory board include former Reserve Bank of India governor Raghuram Rajan and former Federal Reserve Bank of Boston COO Kenneth Montgomery, who will guide the stablecoin's regulatory and operational strategies.
Cointelegraph
United States Dollar BitSong USD Axelar USD IND USA Chris Larsen Kenneth Montgomery David Puth Sheila Baird Raghuram Rajan Show more
Finance & Economy, Press Release
17:00 16.12.2024
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