• 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.

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.

• 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.

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.