Ripple made a major announcement at the Ripple Swell 2024 conference in Miami, Florida, revealing the exchange and market maker partners for its upcoming dollar-pegged stablecoin, RLUSD. This move marks a significant step forward for Ripple in the stablecoin market.
Additionally, Ripple has bolstered its advisory board with the addition of prominent figures in the financial industry. Sheila Bair, the former chair of the Federal Deposit Insurance Corporation (FDIC), and David Puth, the former CEO of Centre, a consortium that established standards for USD Coin (USDC), have joined the advisory board for Ripple’s stablecoin.
With these strategic partnerships and expert advisors in place, Ripple is poised to make a strong entry into the stablecoin space. The company’s commitment to innovation and collaboration is evident in its latest announcements at the Ripple Swell conference.
