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15 October, 2024

Ripple’s RLUSD Stablecoin: A Bridge to Real-World Asset Tokenization

15 October, 2024

Ripple’s RLUSD Stablecoin: A Bridge to Real-World Asset Tokenization

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Ripple Labs President Monica Long has revealed that the company’s upcoming stablecoin, RLUSD, will leverage its established position in the payments industry to become a key bridge for real-world asset tokenization. In an interview with CoinDesk, Long emphasized the strategic significance of RLUSD, stating that it will play a pivotal role in facilitating the seamless integration of traditional assets into the blockchain ecosystem.

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RLUSD is expected to offer a stable and reliable platform for tokenizing assets such as equities, bonds, and commodities, paving the way for a more efficient and transparent financial system. Its design is intended to ensure secure and reliable transactions, offering investors and businesses alike a secure and transparent gateway to the world of digital assets.

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The launch of RLUSD is subject to approval from the New York Department of Financial Services (NYDFS), a testament to Ripple’s commitment to regulatory compliance. Once approved, RLUSD is poised to revolutionize the way assets are traded and managed, offering a seamless bridge between traditional finance and the innovative world of blockchain technology.