Bitstamp Expands Offering with Ripple's RLUSD

user avatar

by Giorgi Kostiuk

2 years ago

Bitstamp has added RLUSD, Ripple's stablecoin, to its list of digital assets, providing new opportunities for investors and traders.

RLUSD Integration on Bitstamp

Bitstamp now offers RLUSD, Ripple's USD-denominated stablecoin, on its trading platform. Available trading pairs include USD, EUR, BTC, ETH, XRP, and USDT. Supported on the Ethereum network, RLUSD is a stable digital currency backed by U.S. dollars and cash equivalents.

Partnerships to Strengthen RLUSD in DeFi

Chainlink partnered with Ripple to integrate decentralized RLUSD price feeds onto the XRP Ledger and Ethereum networks. RLUSD is also traded on Archax, B2C2, Bitso, and Uphold and is scheduled to be listed on Flowdesk and Zero Hash, enhancing its adoption and flexibility in DeFi projects.

Future Prospects for RLUSD

RLUSD's stable growth attracts both financial users and investors. With more exchange listings and partnerships anticipated, RLUSD's application potential in payments and institutional transactions is on the rise, strengthening Ripple's role in blockchain solutions.

Ripple's RLUSD continues to grow and gain recognition in the digital asset world, expanding its use in financial operations with the support of strategic partnerships.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Analysts Remain Bullish on SpaceX Stock Despite Recent Challenges

chest

Despite recent challenges, analysts maintain a bullish outlook on SpaceX stock, citing its unique positioning in the market.

user avatarDavid Robinson

SpaceX Stock Faces Volatility Amid Lockup Expirations

chest

SpaceX stock has experienced significant fluctuations due to recent lockup expirations, with investors questioning its future performance.

user avatarAndrew Smith

Meta's Valuation Advantage Over SpaceX

chest

Despite SpaceX's rapid growth, Meta has a more favorable stock valuation, trading at about 66 times sales compared to SpaceX's 45 times sales.

user avatarZainab Kamara

SpaceX Outpaces Meta in Revenue Growth

chest

SpaceX's revenue grew by 92% year-over-year, while Meta's revenue increased by 28%. SpaceX's growth is driven by demand for AI and connectivity, whereas Meta's growth is slower but consistent.

user avatarJacob Williams

SpaceX and Meta Compete for $2 Trillion Valuation

chest

SpaceX and Meta are competing for a $2 trillion market valuation, with SpaceX having briefly reached this mark in June.

user avatarSon Min-ho

SanDisk's Impressive Stock Performance Post Spin-off

chest

SanDisk has experienced a remarkable stock increase of almost 3,900% since its spin-off from Western Digital, driven by high demand for NAND flash memory, with analysts suggesting over 50% upside from current levels.

user avatarAyman Ben Youssef

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.