In a recent development, Ripple announced that its RLUSD stablecoin is now available for trading on two crypto platforms. This adds to the growing list of trading platforms that have already added support for the stablecoin, which provides a bullish outlook for the XRP ecosystem.
Ripple RLUSD Stablecoin Goes Live On Two Platforms
In an X post, Ripple announced that its RLUSD stablecoin is now available on the Zero Hash and Revolut crypto exchanges. ZeroHash also confirmed this development in an X post, stating that it has expanded its stablecoin offering with the addition of Ripple USD.
The platform further revealed that this integration will allow customers to access the stablecoin to process transactions on both the XRP Ledger and Ethereum networks.
Commenting on this development, Edward Woodford, the founder and CEO at Zero Hash, said,
The addition of RLUSD to our ecosystem demonstrates Zero Hash’s commitment to providing our customers with access to the most innovative and regulated stablecoin technologies
These listings come just days after the crypto trading platform Margex announced listing the RLUSD stablecoin among other stablecoin offerings. Meanwhile, it is worth mentioning that Ripple’s regulated stablecoin is also available on crypto platforms such as Bitstamp, Uphold, Bullish, Independent Reserve, Moonpay, Bitso, and Coinmena.
Ripple CLO Gives Take On The Future Of Crypto In The US
In a CNBC interview, Ripple’s CLO Stuart Alderoty gave his take on the future of crypto in the US, stating that the changes made so far under Donald Trump’s administration are “fantastic.”
The legal expert also discussed the policy changes made by the US Securities and Exchange Commission (SEC) under the acting Chair, Mark Uyeda, including the creation of the crypto task force. Aldeorty commended these moves, highlighting how it is a significant shift in the regulatory environment from what was attainable under Gary Gensler’s SEC.
The Ripple CLO also commended the Crypto Czar David Sacks, stating that he believes he is the right man for the job. He further revealed that Ripple has been in contact with Sacks to assist with implementing the right crypto policies.
David Sacks had yesterday revealed that the US was evaluating the creation of a Strategic Bitcoin Reserve. The Crypto Czar also praised the RLUSD stablecoin and other stablecoins, stating that they can potentially ensure the US dollar’s dominance internationally.
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