In a newest advancement, Bitstamp in its current post revealed that Ripple USD (RLUSD) is now tradable on the platform. The stablecoin is supported on the Ethereum network and can be traded versus 6 significant sets: USD, EUR, BTC, ETH, XRP, and USDT. Significantly, Ripple RLUSD is backed 1:1 by USD, released under a New York Trust Charter, making sure stability and regulative compliance. Monica Long, Ripple's president, just recently stated that the business would reveal more listings in the future. Bitstamp is likewise thinking about releasing a derivatives exchange on the XRP Ledger due to its low charges and high-speed deals, which might increase XRP's use in the crypto area.
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