🚨 Binance announces the integration of Ripple USD (RLUSD) on the XRP Ledger! 🚀
Binance has successfully completed the integration of RLUSD on XRPL, with deposits now available while withdrawals will open later when sufficient liquidity is available.
🔹 Important information about RLUSD:
✅ Backed by the US dollar at a 1:1 ratio with strong reserves and periodic disclosures.
✅ Operates on multiple networks such as XRP Ledger and Ethereum, and soon on Layer-2 networks like Optimism and Base, with multi-chain operation support.
✅ Market capitalization has exceeded one billion dollars since its listing, with increasing adoption from institutions.
✅ Regulated by NYDFS, and used within major financial centers such as Dubai and Abu Dhabi.
🔁 Adoption and implementation:
✔ Listing RLUSD on global trading platforms increases liquidity and opens new trading pairs such as RLUSD/USDT and XRP/RLUSD.
✔ An ideal solution for fast and low-cost transfers for both institutions and investors alike.
📌 Note:
RLUSD is not just a stablecoin; it shows rapid growth and is gaining strong regulatory and institutional adoption, marking a new step in the world of Stablecoins.
