Ripple introduced RLUSD in December, branding it as a top-tier option for businesses using its XRP XRP/USD Ledger platform.

Ripple launched RLUSD on Dec. 17 as a stablecoin pegged 1:1 to the United States dollar. At the time of publication, the stablecoin boasts a market cap of $71.8 million, according to CoinGecko.

RLUSD is backed 1:1 by the U.S. dollar, meaning the company has promised to hold an equivalent sum of dollars in a reserve to collateralize each stablecoin that it issues. McDonald says that RLUSD ...

In particular, the partnership will allow BDACS to provide custody infrastructure services for XRP, RLUSD, and other cryptocurrencies, help drive growth within the XRPL ecosystem, and support ...

The collaboration aims to bolster Ripple’s ecosystem, enhance RLUSD adoption, and tap into South Korean port city Busan’s blockchain-friendly economic zone. Ripple Custody provides software ...