Transak Adds Support for Ripple’s RLUSD Stablecoin for Global Fiat On-Ramping
The post Transak Adds Support for Ripple’s RLUSD Stablecoin for Global Fiat On-Ramping appeared on BitcoinEthereumNews.com. Users worldwide may now easily buy RLUSD using a variety of fiat currencies and payment options. With more than 8.3 million users worldwide, Transak is the biggest and most compliant Web3 payments infrastructure provider in the world. The leading provider of Web3 payments infrastructure, Transak, has officially integrated support for Ripple USD (RLUSD), the company’s newly released enterprise-grade stablecoin. Users worldwide may now easily buy RLUSD using a variety of fiat currencies and payment options, including as bank transfers, credit cards, and debit cards, as of right now. On the Ethereum network, RLUSD may be purchased using Transak. Ripple’s RLUSD stablecoin is fully backed and tied to the US dollar. Through a reliable P2P exchange medium, it adds transparency and confidence to the blockchain for institutional-grade assets. The New York Department of Financial Services (NYDFS) oversees the issuance of RLUSD, which is backed 1:1 by USD and cash equivalents and is issued under a New York trust charter. Monthly attestation reports are provided for complete transparency. Sami Start, CEO and co-founder of Transak stated: “Transak has always strived to make finance truly accessible and that includes bringing on assets like RLUSD that balance blockchain ethos with compliance requirements. With this integration, users gain access to one of the most thoughtfully designed stablecoins in the market, now available through a seamless and trusted fiat-to-crypto experience.” RLUSD was created to meet the demands of businesses (think worldwide settlements and treasury management). Additionally, millions of regular people worldwide may now readily access it because to listings like Transak. With regulatory licenses and registrations in key areas such as the UK (FCA registered), USA (FinCEN MSB), and EU (via VASP registrations), Transak serves over 8.3 million users and is incorporated into over 450 wallets and dApps. For every authenticated user, this makes the RLUSD buying process…
The post Transak Adds Support for Ripple’s RLUSD Stablecoin for Global Fiat On-Ramping appeared on BitcoinEthereumNews.com.
Users worldwide may now easily buy RLUSD using a variety of fiat currencies and payment options. With more than 8.3 million users worldwide, Transak is the biggest and most compliant Web3 payments infrastructure provider in the world. The leading provider of Web3 payments infrastructure, Transak, has officially integrated support for Ripple USD (RLUSD), the company’s newly released enterprise-grade stablecoin. Users worldwide may now easily buy RLUSD using a variety of fiat currencies and payment options, including as bank transfers, credit cards, and debit cards, as of right now. On the Ethereum network, RLUSD may be purchased using Transak. Ripple’s RLUSD stablecoin is fully backed and tied to the US dollar. Through a reliable P2P exchange medium, it adds transparency and confidence to the blockchain for institutional-grade assets. The New York Department of Financial Services (NYDFS) oversees the issuance of RLUSD, which is backed 1:1 by USD and cash equivalents and is issued under a New York trust charter. Monthly attestation reports are provided for complete transparency. Sami Start, CEO and co-founder of Transak stated: “Transak has always strived to make finance truly accessible and that includes bringing on assets like RLUSD that balance blockchain ethos with compliance requirements. With this integration, users gain access to one of the most thoughtfully designed stablecoins in the market, now available through a seamless and trusted fiat-to-crypto experience.” RLUSD was created to meet the demands of businesses (think worldwide settlements and treasury management). Additionally, millions of regular people worldwide may now readily access it because to listings like Transak. With regulatory licenses and registrations in key areas such as the UK (FCA registered), USA (FinCEN MSB), and EU (via VASP registrations), Transak serves over 8.3 million users and is incorporated into over 450 wallets and dApps. For every authenticated user, this makes the RLUSD buying process…
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