Ripple, the company behind XRP, which is used a lot in Asia and North Africa, especially in cross-border transactions, is now approaching the end of its stable coin called RLUSD, which is in great demand.

In the statement made today; It was stated that Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA and Bullish exchanges are the companies partnered for RLUSD. B2C2 and Keyrock will also provide market-making services. There may be new additions to these companies in the future.

“It will be the gold standard”

In Ripple’s statement, “We will create a gold standard for company-level fixed coin needs,’ and an ambitious commitment was made. The statement also said, ‘Our payment solutions will both support RLUSD and continue to provide cost-effective and fast services in cross-border payments.”

Sheila Bair, former director of the FDIC, the Federal Deposit Insurance Fund, and David Puth, one of the former directors of the Centre consortium behind JPMorgan and USDC, have entered the advisory board of RLUSD. Ripple CTO Chris Larsen was also included in the board.

Each RLUSD token will be backed by cash dollars, US government bonds and cash equivalents.