Johann Wilfred
- The RLUSD stablecoin is now live on Bridgers, a blockchain with multi-chain functionality
- RLUSD is pegged on a one-to-one basis to the U.S. dollar
- XRP shares were trading at $2.64 at the time of reporting
Ripple’s RLUSD stablecoin went live on Bridgers, as per an X post on Thursday by SWFT Blockchain.
Bridgers is a blockchain platform that offers cryptocurrency swapping, staking, and routing services across several blockchains.
Bridgers’ native blockchain, the SWFT blockchain, will now host Ripple’s enterprise-grade stablecoin, allowing it to be routed through multiple blockchains.
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The RLUSD stablecoin is pegged on a one-to-one basis to the U.S. dollar and is backed by U.S. dollar deposits, short-term treasury bonds, and cash equivalents.
“We are excited to announce that $RLUSD, @Ripple new real world asset backed #stablecoin, is now available on Bridgers,” read the X post.
As reported earlier by CoinHeadlines, Ripple has been working with financial institutions to better position its offerings in traditional financial markets. On Wednesday, the company selected The Bank of New York Mellon Corporation (BNY) as the choice of institution to custody its RLUSD reserves.
The stablecoin received approval from the New York Department of Financial Services (NYDFS) to be used for trading by investors in December 2024. Then again, in June 2025, RLUSD received regulatory approval from the Dubai Financial Services Authority (DIFC) to be used in the city’s financial district, Dubai International Financial Centre.
