Transak has officially added support for Ripple USD (RLUSD), the newly launched stablecoin by Ripple. Users across the globe can now effortlessly purchase RLUSD using various fiat currencies and payment methods, including bank transfers, credit, and debit cards.
What is RLUSD?
Ripple USD is a fully-backed, U.S. dollar-pegged stablecoin that operates on the Ethereum network. Designed to provide a stable, peer-to-peer exchange medium, RLUSD combines the reliability of institutional-grade assets with the transparency of blockchain technology.
Each RLUSD token is issued under a New York trust charter and is regulated by the New York Department of Financial Services (NYDFS), ensuring it is backed 1:1 by USD and cash equivalents. Monthly attestation reports further enhance transparency, giving users peace of mind.
"At Transak, our mission is to make finance accessible. Integrating assets like RLUSD allows us to balance blockchain innovation with regulatory compliance. This new feature enhances the user experience by providing access to one of the most meticulously designed stablecoins available."
Sami Start, CEO & Co-founder
RLUSD is tailored for enterprise applications, such as treasury management and global settlements. With its availability on Transak, everyday users can easily access this robust stablecoin.
Loading tweet...
View Tweet
Transak boasts a user base of over 8.3 million and is integrated into more than 450 wallets and decentralized applications (dApps). The platform is compliant with regulatory requirements in key markets, including the UK, USA, and EU, making the purchase of RLUSD both convenient and legally sound for verified users.
Security and Support You Can Count On
Transak prioritizes user security with a multi-level KYC process, 24/7 support, and industry-leading data protection measures. With ISO 27001 certification and SOC 2 compliance, users can confidently buy RLUSD, knowing their transactions are safeguarded.
To purchase RLUSD on Ethereum, simply visit transak.com or access the on-ramp through your preferred wallet or app.
About Ripple USD
Ripple USD (RLUSD) is Ripple's USD-denominated stablecoin, designed to maintain a consistent value of one US dollar. Issued natively on both the XRP Ledger and Ethereum blockchains, RLUSD is fully backed by a segregated reserve of cash and cash equivalents, redeemable 1:1 for US dollars. It enables secure, real-time payments and provides straightforward fiat to stablecoin on/off ramps for exchanges, fintechs, and crypto platforms.
Standard Custody, a subsidiary of Ripple Labs and the issuer of RLUSD, operates under NYDFS supervision as a limited purpose trust company. It adheres to stringent safety and soundness standards, ensuring 100% backing by highly liquid reserves and strict customer protection measures.
