Ripple launched RLUSD on Dec. 17 as a stablecoin pegged 1:1 to the United States dollar. At the time of publication, the stablecoin boasts a market cap of $71.8 million, according to CoinGecko.

In particular, the partnership will allow BDACS to provide custody infrastructure services for XRP, RLUSD, and other cryptocurrencies, help drive growth within the XRPL ecosystem, and support ...

RLUSD is backed 1:1 by the U.S. dollar, meaning the company has promised to hold an equivalent sum of dollars in a reserve to collateralize each stablecoin that it issues. McDonald says that RLUSD ...

Ripple has minted 3.2 million RLUSD stablecoins at its RLUSD Treasury on January 29, following the issuance of 1,050,000 RLUSD stablecoins on January 28. This brings the total RLUSD supply ...

This integration allows Zero Hash customers to access RLUSD on both the XRP Ledger and Ethereum networks. Zero Hash's API and SDK infrastructure now supports over 65 digital assets, including 5 ...

The collaboration aims to bolster Ripple’s ecosystem, enhance RLUSD adoption, and tap into South Korean port city Busan’s blockchain-friendly economic zone. Ripple Custody provides software ...

“South Korea is gearing up for a wave of institutional crypto adoption — very excited for Ripple Custody to plant another flag in APAC with BDACS for XRP and RLUSD,” Long said in a statemen ...

Institutional crypto storage firm BDACS said on Wednesday it will use Ripple Custody, a storage service by payments firm Ripple, for securing institutional holdings of XRP and dollar-pegged stablecoin ...