Ripple’s RLUSD Stablecoin Debuts on Uphold: Big Rewards for the XRP Community

Ripple’s RLUSD Stablecoin Debuts on Uphold: Big Rewards for the XRP Community

Ripple’s new USD-backed stablecoin, RLUSD, is set to transform the digital payments landscape. Uphold, a leading Web3 financial platform, has officially announced that RLUSD will be accessible to its users starting December 18, 2024. In addition, RLUSD will integrate into Uphold’s Rewards Center program by January 2025, offering unique benefits to XRP holders and crypto enthusiasts.

RLUSD: Ripple’s Stablecoin Innovation

Ripple’s RLUSD stablecoin is 1:1 backed by USD reserves and approved under the stringent New York Department of Financial Services (NYDFS) standards. Issued under the New York Trust Company Charter, RLUSD is designed to support institutional transactions and cross-border payments. Ripple ensures transparency through monthly third-party audits, enterprise-grade security, and independently verified smart contracts.

Simon McLoughlin, CEO of Uphold, shared his enthusiasm for partnering with Ripple:

“It’s no secret that we’ve been big supporters of the XRP community. RLUSD is poised to play a significant role in the evolution of digital payments, and we’re proud to be among the first to offer this solution.”

Uphold Rewards Center: 5% Incentives and Exclusive Perks

Starting January 2025, Uphold users can earn 5% rewards on their RLUSD holdings through the Rewards Center. This program will provide additional benefits, including:

• Exclusive cryptocurrency insights
• Early access to new tokens
• Bonus rewards for completing tasks like deposits, trades, and app engagement

XRP community members who have unlocked all three Rewards Center levels will gain 24-hour early access to RLUSD before it becomes available to the broader market.

McLoughlin emphasized Uphold’s mission to add value to XRP holders, saying:

“By integrating RLUSD into our Rewards Center, we’re creating tangible benefits for the XRP community while enhancing user engagement.”

Uphold: Transparency and Global Reach

Uphold, known for its commitment to transparency, serves over 140 countries worldwide. The platform provides real-time updates on its reserves and liabilities every 30 seconds, ensuring user trust and security in a rapidly evolving digital asset industry.

As RLUSD gains traction, Ripple’s stablecoin launch on Uphold marks a pivotal step in solidifying its role in digital payments and enterprise finance, while delivering rewards and value for XRP investors.