Ripple USD (RLUSD) is about to launch on the Bybit spot platform

ChainCatcher news, Bybit will launch Ripple USD (RLUSD) on the spot market at 9 PM Beijing time on September 26. There will be ongoing trading and staking yield activities in the future.

• Trading pairs: RLUSD/USDT, BTC/RLUSD, ETH/RLUSD, XRP/RLUSD, MNT/RLUSD
• Deposit opens: September 26, 20:00 (UTC+8)
• Trading starts: September 26, 20:40 (UTC+8) for various trading pairs
• Withdrawal opens: September 27, 19:00 (UTC+8)

RLUSD is a stablecoin issued by Ripple, pegged 1:1 to the US dollar and fully collateralized. It aims to provide a stable, reliable, and transparent digital asset for payments, trading, and other financial applications. RLUSD is backed by US dollar deposits, US short-term treasury bills, and other cash equivalents, bringing trust and stability to the digital asset ecosystem.