Ripple Labs is gearing up to launch its RLUSD stablecoin, with exchange partners and market makers finalized, pending regulatory approval for public rollout.
Ripple has partnered with exchanges like Bitstamp and Bitso for RLUSD distribution and appointed former FDIC Chair Sheila Bair to its advisory board.
The firm aims to tap into the rapidly growing stablecoin market, emphasizing the role of stablecoins as an essential infrastructure within the crypto economy.
President Monica Long stated that Ripple is "operationally ready" for RLUSD's launch while awaiting regulatory nod from New York.
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