Ripple announces RLUSD stablecoin partner, but requires regulatory approval

Digital asset infrastructure provider Ripple has designated Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA and Bullish as trading partners for the upcoming Ripple USD (RLUSD) stablecoin. The liquidity is supported by markets B2C2 and Keyrock but is still awaiting regulatory approval from the New York Department of Financial Services (NYDFS). Meanwhile, former FDIC Chair Sheila Bair, former JPMorgan executive David Puth and Ripple Executive Chairman Chris Larsen have joined the RLUSD advisory committee. (The Block)