In a latest development, Bitstamp in its recent blog post announced that Ripple USD (RLUSD) is now tradable on the platform. The stablecoin is supported on the Ethereum network and can be traded against six major pairs: USD, EUR, BTC, ETH, XRP, and USDT. Notably, Ripple RLUSD is backed 1:1 by USD, issued under a New York Trust Charter, ensuring stability and regulatory compliance. Monica Long, Ripple’s president, recently said that the company would announce more listings in the near future. Bitstamp is also considering launching a derivatives exchange on the XRP Ledger due to its low fees and high-speed transactions, which could increase XRP’s usage in the crypto space.
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