Ripple RLUSD Stablecoin Goes Live on Singapore’s Major Exchange

The post Ripple RLUSD Stablecoin Goes Live on Singapore’s Major Exchange appeared first on Coinpedia Fintech News

Ripple’s RLUSD stablecoin has officially launched in Singapore, marking an important milestone for the company. The stablecoin became available on December 22, 2024, on Independent Reserve (IR), a licensed exchange in Singapore. This is the first time RLUSD has been listed on a Singapore-based platform, drawing significant attention from the crypto market.

RLUSD can now be traded against the Singapore dollar (SGD) and the US dollar (USD), creating new opportunities for traders and businesses in the region. These trading pairs make the stablecoin more versatile, appealing to both local and global audiences.

This launch is not just another addition to the growing list of stablecoins. It highlights Ripple’s strategic partnership with Independent Reserve, which has been a key player in the Asian crypto market. 

The CEO of Independent Reserve, Lasanka Perera, mentioned that RLUSD is an important addition to the global crypto market. It offers better liquidity and is designed to meet the growing need for stable digital currencies that can be used for cross-border payments and decentralized finance (DeFi). 

Independent Reserve is the first #crypto exchange in #Singapore to list #stablecoin Ripple USD (RLUSD)!