"Ripple's RLUSD is now available on Coinone, one of South Korea's largest regulated exchanges, allowing Korean traders to access the stablecoin directly in KRW markets."
"The listing on Coinone reflects Ripple's effort to position RLUSD within regulated trading environments across key markets, enhancing both adoption and liquidity."
"RLUSD is designed as a fully reserved stablecoin backed by liquid financial instruments, maintaining a 1:1 peg with the U.S. dollar and supporting various use cases."
Ripple has launched its dollar-pegged stablecoin, RLUSD, on Coinone, a major South Korean exchange, allowing direct access for Korean traders in KRW. This move is part of Ripple's strategy to enhance stablecoin availability in regulated markets globally. The listing on Coinone strengthens regional access while supporting Ripple's international payments strategy. RLUSD is a fully reserved stablecoin backed by liquid financial instruments, maintaining a 1:1 peg with the U.S. dollar and facilitating various use cases within Ripple's ecosystem.
Read at news.bitcoin.com
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