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Cryptocurrency News Articles
RLUSD: Ripple Releases Official List of Supported Wallets Ahead of Stablecoin Launch
Dec 17, 2024 at 05:42 pm
Ripple, a prominent leader in blockchain technology, continues to solidify its position within the U.S. financial system with the recent approval of its RLUSD stablecoin by the New York Department of Financial Services (NYDFS).
Cryptocurrency payment service provider CoinsPaid has announced the integration of Ripple’s (XRP) RLUSD stablecoin into its platform.
The stablecoin, pegged to the U.S. dollar, was recently approved by the New York Department of Financial Services (NYDFS).
According to CoinsPaid, the integration will enable merchants to accept RLUSD payments and settle them in any fiat currency or cryptocurrency supported by the platform.
Merchants will also be able to hold RLUSD in their CoinsPaid balances and use it for further transactions or to pay service providers.
CoinsPaid highlighted the benefits of using RLUSD, including its fast transaction speeds, low transaction costs, and high liquidity.
The stablecoin is also designed to be fully backed by cash and cash equivalents, providing merchants with assurance and stability.
CoinsPaid offers a range of services, including cryptocurrency payment processing, fiat on- and off-ramps, and liquidity aggregation.
The platform supports over 50 cryptocurrencies and fiat currencies, enabling merchants to accept payments from customers around the world.
CoinsPaid also provides merchants with tools to manage their cryptocurrency holdings, including the ability to convert cryptocurrencies into fiat currencies at any time.
The integration of RLUSD into the CoinsPaid platform is expected to provide merchants with an additional option for accepting stablecoin payments.
This will further expand the range of payment methods available to merchants and their customers.
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