CoinVoice recently learned that according to CoinDesk, Ripple Labs announced that its upcoming exchange and market maker partners for the dollar-pegged stablecoin RLUSD are awaiting regulatory approval from the New York Department of Financial Services (NYDFS). Ripple has partnered with exchanges such as Bitstamp, Bitso, and Bullish, while Keyrock and B2C2 will serve as market makers for RLUSD.
Monica Long, president of Ripple Labs, said that RLUSD will serve as an important bridge between payment and tokenization of real assets, and will be supported by short-term U.S. Treasury bonds, U.S. dollar deposits and cash equivalents. RLUSD plans to be tested on the XRP Ledger and Ethereum networks and is expected to be launched in the near future. [Original link]
