Ripple's Stablecoin RLUSD Launches in Singapore via Regulated Exchange

Ripple’s RLUSD Makes Waves in Singapore

Ripple’s USD-backed stablecoin, Ripple USD (RLUSD), has officially launched in Singapore via the regulated crypto exchange Independent Reserve (IR). This strategic debut offers faster, more cost-efficient cross-border liquidity solutions while strengthening Singapore's position as a global crypto hub.

Independent Reserve: First to List RLUSD

Independent Reserve becomes the first regulated exchange in Singapore to list RLUSD, enabling customers to trade it against Singapore dollars (SGD) and U.S. dollars (USD). With integration on both the XRP Ledger and Ethereum networks, RLUSD provides:

• Faster cross-border transactions.
• Lower costs for global transfers.
• Enhanced utility for payments and DeFi applications.

The stablecoin is pegged 1:1 with the U.S. dollar and backed by USD fiat and cash equivalents such as Treasury Bills, ensuring transparency through monthly attestations by independent auditors.

The Stablecoin’s Market Impact

Lasanka Perera, CEO of Independent Reserve Singapore, noted:

“Stablecoins have proven to be a viable solution for facilitating payment transactions and supporting decentralized finance. RLUSD offers a compelling option for investors and financial institutions, enabling efficient and secure capital movement.”

This partnership also reflects the longstanding trust between Ripple and Independent Reserve. By listing RLUSD, Independent Reserve reinforces its role as a leader in regulated digital asset markets, bringing innovative solutions to its clientele.

Regulatory Compliance and Trust

RLUSD is issued under the New York Department of Financial Services (NYDFS) limited-purpose trust charter, known for its stringent regulatory standards. Ripple’s decision to launch RLUSD through Independent Reserve underscores its commitment to adhering to global financial regulations while offering groundbreaking solutions for the crypto ecosystem.

A Step Forward in Blockchain Innovation

The introduction of RLUSD in Singapore is a pivotal moment for Ripple and the broader blockchain industry. By combining regulatory compliance, cutting-edge technology, and real-world use cases, RLUSD sets the stage for transformative impacts on:

• Global payment systems.
• Decentralized finance (DeFi).
• Institutional capital movement.

With Ripple USD’s growing adoption, the stablecoin market is poised for further innovation, bridging traditional finance with blockchain-powered solutions.

Follow the RLUSD Journey:
Stay updated on RLUSD and Ripple’s next moves by engaging with Independent Reserve and Ripple’s official platforms. Experience the benefits of a stablecoin built for efficiency, transparency, and trust.