Ripple's RLUSD stablecoin is now being considered for direct settlement on the Mastercard network.
Ripple's stablecoin, RLUSD, has been integrated as collateral for futures trading on the Bitrue exchange. The news was confirmed this Thursday, April 16, in parallel with Deloitte's independent verification, which certifies that the asset has more than $1.570B in reserves, exceeding its circulating supply.
As Ripple stablecoin RLUSD continues to gain adoption across the global space, it has further gained spotlight after a major integration into a leading crypto exchange providing exclusive XRP staking services.
Ripple's RLUSD stablecoin is poised to modernize Ghana's tax collection and reporting framework, bringing greater efficiency, transparency, and simplicity to MSME transactions and compliance.
Ripple RLUSD enters Ghana through Trident's MSME payments pilot targeting tax and cross-border settlement rails
Ripple is driving measurable economic impact through its RLUSD initiative, channeling millions into underserved U.S. small businesses while expanding access to capital and supporting job creation.
Ripple expands RLUSD into South Korea, opening direct KRW access on a major exchange as its stablecoin strategy continues to expand across global regulated markets and gains traction with growing adoption and liquidity use cases.
Ripple burned nearly 40M RLUSD on Ethereum earlier today, raising fresh questions over stablecoin demand, supply management and transparency.
Ripple has conducted a large RLUSD burn in less than an hour as the San Francisco-based blockchain firm remains committed to controlling the amount of its stablecoin in circulation.
Big Four audit giant Deloitte has independently verified that Ripple's RLUSD stablecoin is fully backed by reserves, reinforcing confidence in its 1:1 dollar peg.
Fresh Ripple USD stablecoins (RLUSD) amounting to 150,000,000 RLUSD, which were recently minted at the Treasury, have been traced to Gemini Exchange. According to XRPL validator Vet, the minting came just after the exchange redeemed 128 million RLUSD on XRP Ledger.
Gemini burned $128 million in RLUSD on XRPL on March 31 through two redemptions, cutting supply on the network to about $189 million. The onchain path was structured and sequential, with $79 million and $49 million transferred through intermediary addresses before being destroyed hours apart. Weekly burns reached $233.