Bitstamp Supports Ripple’s RLUSD on Ethereum
- Ripple USD (RLUSD) is now tradable on Bitstamp.
- RLUSD is backed 1:1 by US dollars and cash equivalents.
- The stablecoin is issued under a New York Trust Charter.
- Tradable against six major pairs: USD, EUR, BTC, ETH, XRP, and USDT.
The issuance of RLUSD under a New York Trust Charter ensures regulatory compliance, enhancing its appeal to institutional investors seeking secure digital assets. This compliance could increase trust and adoption in traditional financial systems.
