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Coin Edition 2024-12-24 06:30:00

Independent Reserve First in Singapore to List Ripple’s RLUSD Stablecoin

Independent Reserve First in Singapore to List Ripple’s RLUSD Stablecoin

Independent Reserve becomes first Singapore exchange to list Ripple USD (RLUSD) stablecoin. RLUSD offers faster, cost-effective cross-border transactions with SGD and USD trading. Ripple’s stablecoin backed 1:1 by US Dollar, ensuring stability and transparency with audits. Independent Reserve (IR), a crypto exchange in Singapore, has become the first in the city-state to list Ripple’s USD-backed stablecoin, Ripple USD (RLUSD). According to the report, customers in Singapore can now trade RLUSD against Singapore Dollars and US Dollars on the exchange’s order book and over-the-counter (OTC) desk. Independent Reserve is the first #crypto exchange in #Singapore to list #stablecoin Ripple USD (RLUSD)! IR #SG customers can trade #RLUSD in #SGD & #USD on our order book and OTC desk. Learn more here: https://t.co/08z1Asdl3q pic.twitter.com/ZM1zHW6OJd — Independent Reserve (@indepreserve) December 24, 2024 The listing will be available on XRP Ledger and Ethereum networks. Also, Ripple USD is fully backed 1:1 by the US Dollar, with reserves held in US fiat and cash equivalents, including short-term Treasury Bills and government money market funds. The… The post Independent Reserve First in Singapore to List Ripple’s RLUSD Stablecoin appeared first on Coin Edition .

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