JAKARTA - The blockchain-based cross-border payment company, Ripple, is expanding the reach of RLUSD's new stablecoin by cooperating with crypto trading platformX. This effort strengthens the position of RLUSD in cross-border transactions and digital asset trading.
On January 29, announced that RLUSD can now be used as collateral in trading of various crypto couples on its platform. This decision is in line withELX's efforts to provide a safe and efficient trading experience. Apart from RLUSD, other stablecoins such as USDT are also available, providing more flexibility for traders.
The move also strengthens Ripple's position in the stablecoin market and opens wider opportunities for RLUSD as a digital tender. Currently, RLUSD is pegged 1:1 against the US dollar and supported by assets such as cash reserves, government bonds, and dollar deposits. The model is designed to maintain RLUSD price stability.
SEE ALSO:
Will Listing On Big Crypto Exchange
In addition toELex, RLUSD has been listed on various platforms such as Bitstamp, Uphold, Bullish, Independent Reserve, MoonPay, Bitso, and CoinMena. Ripple CEO Brad Garlinghouse and Ripple President Monica Long expect RLUSD demand to increase rapidly by 2025. They are optimistic that major exchanges such as Coinbase, Binance, and Bybit can become the next platforms to list RLUSD.
Jack McDonald, Senior Vice President of Ripple, who handles stablecoin operations, also voiced similar optimism. According to him, the listing of RLUSD on the main exchange will significantly increase market adoption.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)