Bitstamp expands offerings with Ripple's RLUSD stablecoin integration
Ripple’s RLUSD, a stablecoin backed 1:1 by US dollars listed in Bitstamp
Bitstamp, one of the world’s longest-running cryptocurrency exchanges, has officially listed Ripple’s RLUSD stablecoin on the Ethereum network.
The move is part of Bitstamp’s strategy to expand its offerings and cater to investors seeking reliable, secure digital assets for payments, tokenization, and decentralized finance (DeFi), according to Coingape.
Ripple’s RLUSD, a stablecoin backed 1:1 by US dollars and cash equivalents, ensures consistent value and reliability. Issued under a New York Trust Charter, the stablecoin adheres to stringent regulatory standards, providing transparency and accountability for both individual and institutional users.
Enhancing Liquidity and Compliance
RLUSD is now tradable against six major pairs on Bitstamp: USD, EUR, BTC, ETH, XRP, and USDT. Its availability on the Ethereum blockchain enhances its utility, making it accessible to developers and users exploring opportunities in DeFi ecosystems such as liquidity pools and decentralized exchanges.
The enterprise-grade design of RLUSD positions it as a key tool for businesses seeking blockchain-powered solutions. Ripple has tailored the stablecoin for cross-border payments and tokenization, aiming to integrate blockchain technology into traditional financial systems.
Bitstamp’s listing follows news of the exchange exploring derivatives on the XRP Ledger, a blockchain known for low fees and high-speed transactions. This potential development could increase usage of the XRP Ledger and further strengthen Ripple’s ecosystem.
Ripple’s efforts to expand its market presence were underscored by a recent meeting between CEO Brad Garlinghouse, Chief Legal Officer Stuart Alderoty, and former President Donald Trump. The encounter highlights Ripple’s ambition to navigate the regulatory landscape and advance its vision for a more connected financial world.
With RLUSD now live on Bitstamp, Ripple continues to solidify its position as a leader in compliant, enterprise-focused digital finance.
Last year Bitstamp launched a new derivatives exchange in partnership with Ripple's XRP Ledger (XRPL) to provide advanced financial products. This collaboration leverages Ripple's blockchain technology to deliver faster, low-cost cross-border transactions and enhanced liquidity.
