Banxa is excited to announce support for Ripple USD (RLUSD). RLUSD is a USD-backed stablecoin, fully backed 1:1 by a reserve of cash and cash equivalents. Supporting RLUSD marks a significant step in expanding access to digital assets, offering users a seamless and compliant way to buy and sell RLUSD through Banxa’s front page widget.
RLUSD is designed for enterprise-grade use and ideal for financial use cases including payments, global settlement on/off ramping and as trading collateral. As part of this partnership, Banxa will enable its partners, including wallets, exchanges, and dApps, to integrate RLUSD transactions, ensuring greater liquidity and usability for the asset across multiple jurisdictions.
“We are thrilled to add RLUSD to our expanding list of supported digital assets,” said Holger Arians, CEO at Banxa. “Stablecoins play a crucial role in the crypto ecosystem, providing stability and efficiency for users worldwide. Our integration with RLUSD aligns with our mission to bridge traditional finance with digital assets, empowering businesses and consumers alike.”
With Banxa’s robust compliance framework and extensive global payment network, users can now seamlessly convert fiat to RLUSD and vice versa, leveraging local payment methods, including bank transfers, credit cards, and real-time payments.
This announcement follows Banxa’s ongoing efforts to support the growing stablecoin market, further strengthening its position as a trusted infrastructure provider for Web3 businesses. The addition of RLUSD expands Banxa’s commitment to fostering financial inclusion and interoperability within the digital asset space.
Buy RLUSD on checkout.banxa.com today!
For more information on integrating RLUSD with Banxa, please contact Dean Constantine at [email protected]
