Ripple’s RLUSD Stablecoin Set for Global Trading Debut on December 17

Ripple has announced that its new United States dollar-backed stablecoin, Ripple USD (RLUSD), will officially debut on December 17, 2024, marking a significant step for the blockchain company in expanding its presence in the global financial and cryptocurrency markets. The stablecoin's launch comes after receiving approval from the New York Department of Financial Services (NYDFS) on December 10, paving the way for RLUSD’s introduction to major exchanges and platforms worldwide.
RLUSD: A Dollar-Backed Stablecoin with Global Ambitions
RLUSD, introduced in June 2024, is a 1:1 dollar-backed stablecoin fully supported by US dollar deposits, short-term US government Treasuries, and other cash equivalents. Designed to offer a secure, scalable, and compliant digital asset, RLUSD aims to provide a more reliable alternative to traditional financial systems.
At launch, RLUSD will be available for trading on major cryptocurrency platforms such as Uphold, MoonPay, Archax, and CoinMENA. In the coming weeks, additional listings are expected on prominent exchanges including Bitso, Bitstamp, Bullish, Mercado Bitcoin, and Independent Reserve, expanding the stablecoin's reach to users across the Americas, Asia-Pacific, the UK, and the Middle East.
Ripple’s ambitions for RLUSD go beyond simple trading; the company aims to drive widespread adoption of the stablecoin, leveraging its extensive partner network to integrate the token into global markets.
Ripple’s Plan for Global Payments and DeFi Integration
In early 2025, Ripple plans to incorporate RLUSD into its Ripple Payments protocol, which has already processed $70 billion in transactions across 90 markets. This integration will enable RLUSD to serve as a cross-border settlement tool, providing Ripple’s enterprise customers with an efficient mechanism for global payments and treasury remittances.
Ripple is also looking to expand RLUSD’s use cases within the decentralized finance (DeFi) sector. The stablecoin is expected to support on-ramps and off-ramps, facilitate the trading of tokenized real-world assets (such as commodities, securities, and Treasurys) on-chain, and provide collateralization for DeFi protocols.
Strategic Appointments to RLUSD Advisory Board
As part of the launch, Ripple has made key appointments to the RLUSD advisory board, which will provide strategic guidance on regulatory, financial, and operational matters to ensure the stablecoin’s stability and growth. Raghuram Rajan, former governor of the Reserve Bank of India, and Kenneth Montgomery, former first vice president and COO of the Federal Reserve Bank of Boston, have joined the advisory board.
Rajan, who has long been an advocate for stablecoins as a potential backbone for private payments, commented, “Stablecoins could become the backbone of private payments by offering a secure, scalable, and efficient alternative to traditional systems.” He added that RLUSD, with its focus on compliance and reliability, could set new standards for trust in the stablecoin space and play a pivotal role in shaping the future of payments.
Montgomery emphasized the growing importance of stablecoins in the payments landscape, noting, “Stablecoins are rapidly emerging as a cornerstone of the payments landscape, delivering the speed, efficiency, and cost-effectiveness that traditional systems often struggle to achieve.”
A Strong Advisory Board and Ripple’s Continued Growth
The RLUSD advisory board also includes several notable figures, such as former Federal Deposit Insurance Corporation chair Sheila Bair, former Centre Consortium CEO David Puth, and Ripple co-founder and executive chairman Chris Larsen. With these seasoned industry experts providing insight and guidance, Ripple is positioning RLUSD to become a key player in the evolving global payments ecosystem.
With the launch of RLUSD, Ripple is not only looking to revolutionize stablecoin adoption but also redefine the standards for secure, efficient, and regulated digital payments. As the company continues to expand its reach, the market will be watching closely to see how RLUSD contributes to the future of finance and cryptocurrency.
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