PANews reported on December 17 that according to The Block, the release date of Ripple's stablecoin pegged to the US dollar is December 17. Ripple said in a statement on Monday: "RLUSD will be listed on global exchanges starting tomorrow. Each RLUSD token is fully backed by US dollar deposits, US government bonds and cash equivalents." An independent auditing company will be responsible for creating proof of RLUSD reserve assets to increase transparency. These proofs will be released once a month.

“Ripple made an early decision to launch our stablecoin under the New York Department of Financial Services (NYDFS) limited purpose trust company charter, which is widely regarded as the premier regulatory standard in the world,” Ripple CEO Brad Garlinghouse said in a statement on Monday. “As the U.S. moves toward greater regulatory clarity, we expect stablecoins like RLUSD to see broader adoption.”

Ripple also said that the stablecoin will initially be “available on Uphold, MoonPay, Archax, and CoinMENA, with listings expected on Bitso, Bullish, Bitstamp, Mercado Bitcoin, Independent Reserve, Zero Hash, and others in the coming weeks.”