Ripple’s RLUSD stablecoin debuts on Uphold, offering rewards and exclusive benefits, solidifying its role in digital payments and boosting value for XRP investors.

Uphold, a leading Web3 financial platform, has confirmed that Ripple's new USD-backed stablecoin, RLUSD, will be fully accessible on its platform starting Dec.

Uphold, a Web3 financial platform, has announced the launch of Ripple’s USD-backed stablecoin, RLUSD, on its platform. Starting December 18, RLUSD will be available to Uphold users, and those who have unlocked all three levels in the Uphold Rewards Center will gain 24-hour early access to the stablecoin before its broader launch.

Moreover, as part of a collaboration to enhance user engagement and provide exclusive benefits to the XRP community, RLUSD will be integrated into the Uphold Rewards Center program in January 2025. This integration will enable users to earn incentives for holding the stablecoin.

Simon McLoughlin, CEO of Uphold, expressed enthusiasm for Ripple’s innovation and the role RLUSD will play in digital payments and enterprise finance. He also highlighted Uphold’s support for the XRP community and its pleasure in being among the initial launch partners for Ripple’s first stablecoin solution.

Issued under the New York Trust Company Charter and approved by the NYDFS, the RLUSD stablecoin is fully backed 1:1 by USD reserves and cash equivalents. Third-party audits are conducted monthly to ensure transparency. Designed for institutional and cross-border use, RLUSD boasts enterprise-grade security, and its smart contracts have undergone independent audits.

According to McLoughlin, the addition of RLUSD to the Uphold Rewards Center will offer XRP community members additional value when they hold RLUSD in their Uphold wallet. The integration will provide Uphold users with 5% rewards on RLUSD holdings, access to exclusive cryptocurrency insights, and early access to new tokens.

Users can earn rewards by completing tasks on the Uphold app, including visiting the platform, depositing assets, and executing trades. Those who have already unlocked all three levels in the Rewards Center will receive a 24-hour early access period to RLUSD.

Uphold is a financial platform that spans over 140 countries and provides real-time updates on its reserves and liabilities every 30 seconds. The platform is dedicated to safeguarding customer assets and ensuring reliability in the rapidly evolving digital asset industry.