Ripple Names Exchange Partners for Stablecoin RLUSD, Awaits NYDFS Approval

MIAMI, U.S. – Ripple named exchange and market maker partners for its upcoming dollar-pegged stablecoin, RLUSD, on Tuesday at the Ripple Swell 2024 conference in Miami, Florida. The firm also added ex-Federal Deposit Insurance Corporation (FDIC) chair, Sheila Bair, and David Puth, the former CEO of Centre, a consortium which set standards for USD Coin (USDC), to the advisory board for its stablecoin.

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