Ripple has unveiled its first exchange and platform partners for the upcoming RLUSD stablecoin, which is set to launch on both the XRP Ledger and Ethereum.
The list of partners includes notable names such as Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish.
Additionally, market makers B2C2 and Keyrock will provide liquidity support for RLUSD, positioning it for a strong debut. This stablecoin initiative is part of Ripple’s ongoing efforts to expand its ecosystem and support more stable financial transactions.
Ripple has announced the first exchange and platform partners for its upcoming RLUSD stablecoin, including Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish. Market makers B2C2 and Keyrock will provide liquidity support for RLUSD. RLUSD will be launched…
— Wu Blockchain (@WuBlockchain) October 15, 2024
In other significant developments, Grayscale has filed to convert its Digital Large Cap Fund into an exchange-traded fund (ETF). If approved, this would allow traditional investors easier access to a range of leading cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Avalanche (AVAX).
Such a move could introduce more liquidity into the crypto market and reshape how mainstream investors approach digital assets, potentially boosting visibility for these major cryptocurrencies.
GRAYSCALE FILES TO TURN ITS DIGITAL FUND INTO AN ETF
Grayscale just dropped a filing to convert its Digital Large Cap Fund into an ETF.
That means BTC, ETH, SOL, XRP, and AVAX could soon be more accessible to traditional investors.
If this goes through, expect more liquidity… pic.twitter.com/SqsL1cfXYj
— IBC Group Official (@ibcgroupio) October 15, 2024
XRP Pushes Ahead With Plans On Cross-Border Payments Revolution
Meanwhile, XRP continues to demonstrate its potential for revolutionizing cross-border payments. XRP recently processed a staggering 6.3 million transactions in just one minute, setting a new record for the network. Despite Ripple’s ongoing legal battles with the SEC, XRP is showing impressive resilience and growth. These record-breaking numbers signal that XRP is well-positioned to redefine the landscape of cross-border financial transactions, offering faster and more efficient alternatives to traditional systems.
🚀 #XRP just smashed records, processing over 6.3M transactions in a minute! 🌍✨ Amidst legal battles with the SEC, XRP shows unstoppable growth and resilience. Is XRP poised to redefine cross-border payments? 💥🔗 #CryptoFuture #cryptocurrency #digitalcurrency… pic.twitter.com/JOwBSxBxmM
— Collin Brown (@CollinBrownXRP) October 16, 2024
As Ripple continues to make bold moves in both the stablecoin and broader crypto space, its impact on the financial world becomes increasingly difficult to ignore. With regulatory clarity on the horizon and partnerships expanding, XRP and the wider Ripple ecosystem are poised for further growth and adoption.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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