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Bitstamp Expands Offering with Ripple's RLUSD

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by Giorgi Kostiuk

a year 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.

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