Tag: RLUSD

Ripple’s RLUSD Approved in Dubai & NY: Stablecoin Goes Global

On June 3, 2025, Ripple’s RLUSD stablecoin achieved a regulatory breakthrough by securing approvals from both Dubai’s Financial Services Authority (DFSA) and New York’s Department of Financial Services (NYDFS). This rare dual-certification positions RLUSD as a serious player in the $160 billion stablecoin market.

RLUSD

Backed 1:1 by U.S. dollar reserves and subject to institutional-grade audits, RLUSD meets the compliance standards of both regions. With this move, Ripple is doubling down on its global payments strategy—especially in the Middle East, where partnerships with banks like Zand and fintech platforms such as Mamo are already in motion.

This development aligns with Dubai’s ambitions to become a global crypto hub. In fact, stablecoin usage in the UAE jumped 55% in 2024 alone, according to Chainalysis. Ripple’s entry into the DIFC—a major financial zone housing 7,000+ firms—could accelerate blockchain adoption in areas like cross-border payments and even property management, thanks to Ripple’s pilot project with the Dubai Land Department.

As competitors like Circle’s USDC and Tether race to expand in the region, Ripple’s dual-regulatory win sets a new benchmark. RLUSD isn’t just compliant—it’s operationally ready for real-world utility.

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Banxa Unlocks 1:1 RLUSD Support — Big Win for Global Crypto Payments

Banxa just turned the dial up by adding support for RLUSD, Ripple’s fresh USD-backed stablecoin. Now you can grab or sell RLUSD using normal stuff like your bank, debit card, or even fast local payment options. No crypto wizardry needed.

Banxa

The vibe? RLUSD is backed 1:1 with USD and equivalents, so it’s built for real-world action—global payments, fast transfers, even as trading ammo.

But here’s the big move: Banxa’s not just selling RLUSD. Their whole partner network—wallets, exchanges, dApps—can now integrate it too. So more liquidity, less friction, and faster flows across countries.

Banxa’s CEO Holger Arians said it best: “Stablecoins like RLUSD bring the reliability the crypto world needs. This fits our mission to blend Web2 finance with Web3 ease.”

Banxa’s been making moves to stay fully compliant while making crypto easy for normies and businesses. This RLUSD move shows they’re dead serious about building real infrastructure—not just hype.

Bottom line: RLUSD is now easier to use, more connected, and backed by a trusted player. Whether you’re a biz or just crypto curious, this just made stablecoins way more useful.

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Ripple’s RLUSD Stablecoin Sees 2,000% Jump in Trading Volume

Ripple’s RLUSD stablecoin sees a 2,000% surge in trading volume, raising concerns about liquidity and market manipulation.

Suddenly, the volume of its stablecoin, RLUSD, skyrocketed through the roof 2,000%, which is now over $611 million in trading volume. That catapulted the ranking of this stablecoin into the top 4 most traded stablecoins out there and immediately made it the talk of the town among crypto investors and enthusiasts alike.

It follows Ripple’s minting a record 1.79 million RLUSD tokens on Ethereum, while in the last 24 hours, a total of 6.7 million RLUSD tokens were transferred across different chains combined. Also large exchanges such as Bitstamp has joined in to make transfers in millions with the RLUSD whales as well.

Ripple isn’t just riding the wave of growth but is making sure RLUSD is trustworthy too. The company has issued nearly $80 million in RLUSD, backed by $83 million in reserves, and plans to release a full audit report later this month. This will be reviewed by independent auditors to ensure RLUSD is as secure and backed as claimed.

Ripple’s financial strength, including over $100 billion worth of XRP, gives them a solid base. However, despite the hype, there are concerns. Around 96% of RLUSD’s volume is on the Bullish platform, sparking questions about liquidity and market manipulation.

Ripple plans to address these issues with an upcoming report. If RLUSD keeps growing, it could become a major force in crypto, but investors should stay aware of potential risks.

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Ripple CTO Highlights RLUSD’s Role in Enhancing XRP Ledger Experience

Ripple just dropped RLUSD. Its a stablecoin pegged 1:1 to the USD, its CTO explained how it’s a game-changer. RLUSD boosts XRP Ledger by handling crypto and fiat smoother, increasing liquidity, and powering DeFi apps. It’s perfect for easy cross-border payments and switching between cash and crypto seamlessly.

Ripple’s CTO, Joel Katz, just broke down why their new stablecoin, RLUSD, is a big deal. Launched recently and approved by the NYDFS, RLUSD is pegged 1:1 with the US dollar, making it super steady for cross-border payments and moving between crypto and fiat. To put it simply, its a smooth operator for your money, whether it be real money or crypto.

Here’s the tea: RLUSD and XRP aren’t competing; they’re vibing together. XRP stays the MVP for international payments, while RLUSD steps in to boost liquidity and fuel DeFi projects. Katz explained that the magic lies in XRP Ledger’s auto-bridging system, which uses XRP as the middleman to connect different assets seamlessly. Basically, they’re the dream team.

For developers, it’s an open door to more opportunities and higher trading volumes within the XRP Ledger ecosystem. For businesses and users, it’s all about easy transactions and converting real-world assets into tokens without the usual hassle.

Ripple President Monica Long also highlighted their unique roles—XRP for global payments, RLUSD for liquidity and stability. With RLUSD, Ripple’s not just keeping up; they’re setting trends in the crypto space. Expect more innovation and activity on the XRP Ledger.

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Can RLUSD Launch Propel XRP Past the $3 Mark? XRP Price Forecast

Ripple’s RLUSD stablecoin launches today. Its creating major hype in the crypto space right now. Plus, XRP is already up 135% this month, is targeting $3, nearing its all-time high of $3.317 from 2018. With RLUSD’s regulatory backing and massive user base, analysts believe XRP could hit new highs soon.

The crypto buzz is real as Ripple drops its much-awaited stablecoin, RLUSD, today. This is Ripple’s first-ever stablecoin, and it’s got the XRP fam hyped. Plus, their token comes with legit regulatory backing from the NYDFS and will be up for grabs on platforms like Uphold and MoonPay.

Meanwhile, XRP is on fire! It’s up a massive 135% in just a month, breaking past $1 in mid-November and racing towards $3. After touching $2, XRP took a dip to $1.98 on Dec 10 but bounced back strong to $2.5 right as RLUSD hype hit. Now, all eyes are on the $3 mark—XRP’s next big hurdle.

If XRP clears $3 and holds, we might see it smash its all-time high of $3.317 from way back in January 2018. With RLUSD’s launch boosting confidence and liquidity, analysts think this could finally be XRP’s moment to shine after years of struggles.

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