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Cryptocurrency News Articles
Bitstamp Lists Ripple's RLUSD Stablecoin, President Monica Long Expects Major Exchange Listings 'Imminently'
Jan 09, 2025 at 01:53 am
Bitstamp exchange has listed Ripple’s USD (RLUSD) stablecoin on the Ethereum network.
The RLUSD is designed to maintain a 1:1 value with the US dollar. It is also backed by cash and cash equivalent.
Bitstamp is just the beginning. In an interview with Bloomberg, Ripple’s president, Monica Long said she expected the stablecoin to be listed on major exchanges “imminently.” She said Ripple is working hard to make RLUSD available on more platforms and that there will be more news coming.
Ripple launched the RLUSD stablecoin on December 17, 2024, after getting approval from the New York Department of Financial Services. At that time, Ripple’s CEO, Brad Garlinghouse, said that as U.S. regulations become clearer, stablecoins like RLUSD will be used more widely.
Aside from Bitstamp, RLUSD is already available on exchanges like Archax, B2C2, Bitso, and Uphold. Ripple is also planning to add it to platforms like Flowdesk and Zero Hash soon.
Ripple has also teamed up with Chainlink to bring RLUSD to decentralized finance (DeFi) users, expanding its presence in the crypto world.
Monica Long also shared that she believes XRP, Ripple’s main token, will soon be added to a U.S. exchange-traded fund (ETF), following Bitcoin and Ether ETFs.
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- Global investment management firm VanEck has taken a significant step toward launching the first-ever spot Binance Coin (BNB) exchange-traded fund (ETF) in the United States.
- Apr 05, 2025 at 09:35 am
- The firm has officially registered a statutory trust for the proposed ETF in Delaware, a move that could open up new opportunities for institutional and retail investors
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- Fintech security company ATON announced on the 3rd that it has successfully established and officially opened a response system for NH Nonghyup Bank's real transaction testing of Central Bank digital currency.
- Apr 05, 2025 at 09:25 am
- The newly opened system serves as the core infrastructure for the 'Project Han River,' led by the Bank of Korea and financial authorities, and will be utilized for real transaction testing of deposit tokens involving 100,000 citizens until June 30.
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- Bybit Ordered to Take Down All Digital Platforms in Malaysia Within 14 Working Days
- Apr 05, 2025 at 09:25 am
- This came after Bybit said it would be pulling out of the French market. The exchange announced on December 17 that it would cease providing withdrawal and custody services to French consumers as of January 8, 2025.
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- Ripple (XRP) Surges as New SEC Administration Promises Crypto-Friendly Policies
- Apr 05, 2025 at 09:15 am
- This assumption is based on the fact that the rally was mainly driven by spot volume instead of "short-term speculative bets." This indicates that it might be not just a flash in the pan since the buyers likely have confidence in the token's "long-term potential."
