The XRP token experienced a significant price spike early Tuesday, climbing close to $2.60 amid growing excitement surrounding the official launch of Ripple’s newly approved stablecoin, RLUSD. This surge—marking a 7.4% gain over 24 hours—comes on the heels of final regulatory approval from the New York State Department of Financial Services (NYDFS), reinforcing confidence in Ripple’s latest financial innovation.
Despite a minor 3% dip over the previous two weeks, XRP regained momentum following confirmation that RLUSD had received the green light from one of the most stringent financial regulators in the world. The approval not only validates Ripple’s compliance-first approach but also signals a pivotal moment for enterprise blockchain adoption.
Where Will RLUSD Be Available?
Ripple, the company behind the development and advancement of the XRP Ledger, announced that its new USD-denominated stablecoin—designed with trust, utility, and regulatory compliance at its core—will debut on several major digital asset platforms.
👉 Discover how RLUSD could reshape global payments and why investors are watching closely.
Initial exchange listings for RLUSD include:
- Uphold
- Bitso
- MoonPay
- Archax
- CoinMENA
Additional platforms expected to support RLUSD in the coming weeks are:
- Bullish
- Bitstamp
- Mercado Bitcoin
- Independent Reserve
- Zero Hash
The stablecoin is natively issued on both the XRP Ledger and Ethereum blockchain, enabling broad interoperability across decentralized finance (DeFi) ecosystems and traditional crypto trading environments. Ripple anticipates further exchange integrations in the near future as demand grows for regulated, transparent digital dollar solutions.
“Early on, Ripple made a deliberate choice to launch our stablecoin under the NYDFS limited purpose trust company charter, widely regarded as the premier regulatory standard worldwide,” said Brad Garlinghouse, CEO of Ripple. “As the U.S. moves toward clearer regulations, we expect to see greater adoption of stablecoins like RLUSD, which offer real utility and are backed by years of trust and expertise in the industry.”
This strategic emphasis on compliance positions RLUSD apart from many unregulated or loosely supervised alternatives currently dominating the market.
Key Features of RLUSD: Utility Meets Compliance
Unlike many existing stablecoins that operate without formal oversight, RLUSD stands out due to its direct regulation by a U.S. financial authority. This regulatory clarity enhances transparency, reduces counterparty risk, and increases institutional confidence.
Beyond compliance, RLUSD delivers tangible value across multiple financial use cases:
- Instant cross-border payment settlements – Enables near real-time international transfers with minimal fees, ideal for remittance providers and multinational corporations.
- Access to liquidity for treasury operations – Offers enterprises a seamless bridge between fiat reserves and digital asset ecosystems.
- Collateralization for tokenized real-world assets (RWAs) – Supports the growth of asset-backed tokens in sectors like real estate, commodities, and private credit.
- Reliable fiat-to-crypto onramp – Provides a trusted entry point into digital assets without exposure to volatile cryptocurrencies.
- Seamless DeFi integration – Compatible with decentralized lending, borrowing, and yield-generating protocols across chains.
Moreover, Ripple Payments will begin utilizing RLUSD for enterprise clients in global payments, signaling immediate commercial application beyond speculation.
Strengthening Governance: New RLUSD Advisory Board Members
In line with its commitment to responsible innovation, Ripple has expanded the RLUSD Advisory Board with two high-profile appointments: Raghuram Rajan and Kenneth Montgomery.
Rajan served as Governor of the Reserve Bank of India and is renowned for his insights into global monetary policy and financial inclusion. Montgomery previously held leadership roles at the Federal Reserve Bank of Boston, bringing deep experience in U.S. financial infrastructure and payment systems.
They join existing board members Sheila Bair (former FDIC Chair), David Puth (former CEO of CLS Group), and Chris Larsen (co-founder and Executive Chairman of Ripple), forming a powerhouse advisory team focused on governance, risk management, and long-term sustainability.
This move underscores Ripple’s dedication to building a stablecoin that doesn’t just function technically—but operates ethically and sustainably within the global financial system.
Market Reaction: RLUSD Trends Globally
As of December 17, 2024, #RLUSD ranked among the top business and finance trends on X (formerly Twitter), with users actively debating its potential impact on the broader stablecoin landscape. Many analysts suggest that RLUSD could challenge the dominance of USDT (Tether) and USDC by offering a more transparent, regulated alternative backed by a proven fintech player.
Investor sentiment around XRP has visibly strengthened, driven by renewed belief in the token’s role within Ripple’s expanding ecosystem. The correlation between XRP performance and Ripple product milestones has historically been strong—and this launch appears to be no exception.
👉 See how institutional-grade stablecoins like RLUSD are changing crypto finance forever.
Frequently Asked Questions (FAQ)
Q: What is RLUSD?
A: RLUSD is Ripple’s newly launched U.S. dollar-backed stablecoin, regulated by the NYDFS. It operates on both the XRP Ledger and Ethereum networks and is designed for enterprise payments, DeFi integration, and cross-border transactions.
Q: Is RLUSD pegged 1:1 to the U.S. dollar?
A: Yes. RLUSD is fully backed by cash and cash equivalents held in reserve, ensuring a stable 1:1 peg to the USD.
Q: How does RLUSD differ from other stablecoins like USDT or USDC?
A: While USDT and USDC are widely used, RLUSD distinguishes itself through its direct oversight by the NYDFS—a gold-standard regulator—and its integration within Ripple’s enterprise-focused payment infrastructure.
Q: Can I buy RLUSD today?
A: Yes. RLUSD is available at launch on Uphold, Bitso, MoonPay, Archax, and CoinMENA, with more exchanges adding support in the coming weeks.
Q: Does the launch of RLUSD benefit XRP holders?
A: Indirectly, yes. Increased adoption of RLUSD strengthens Ripple’s ecosystem, potentially driving demand for XRP as a bridge currency in multi-leg transactions involving the stablecoin.
Q: Will RLUSD be used outside of crypto exchanges?
A: Absolutely. Ripple Payments will deploy RLUSD for enterprise clients in global remittances and treasury solutions, giving it real-world utility beyond speculative trading.
The Road Ahead for Ripple and XRP
With RLUSD now live, Ripple solidifies its position as a leader in compliant blockchain innovation. The company continues to bridge traditional finance with decentralized technology—not through disruption alone, but through collaboration, regulation, and real-world use.
For XRP, this moment represents more than just a price bump; it reflects growing recognition of the token’s foundational role in a maturing digital asset economy.
As regulatory frameworks evolve globally, assets like RLUSD may set new benchmarks for transparency, accountability, and utility—paving the way for broader institutional participation in blockchain-based finance.
👉 Stay ahead of the next wave in digital dollars—explore what’s next for regulated stablecoins.
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