How to buy RLUSD in Singapore
Register, deposit and buy in 5 minutes.
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1. Create account
Securely register your personal, or business account and verify your identity.
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2. Deposit funds
Instantly deposit SGD using PayNow or FAST, and USD through SWIFT.
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3. Buy RLUSD in Singapore (Ripple USD)
Enter the dollar amount you want to trade for RLUSD and click “Buy”.
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Buy and sell RLUSD and other popular cryptocurrencies with SGD, or USD
Buy RLUSD and manage your portfolio on the go
Buy and sell Ripple USD (RLUSD) and other popular cryptocurrencies anywhere, anytime with the Independent Reserve app.
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What is RLUSD (Ripple USD)?
Ripple USD (RLUSD) is a stablecoin pegged one-to-one to the US dollar, offering stability, efficiency, and strong regulatory compliance. Designed for a variety of applications, including cross-border payments and decentralized finance, RLUSD addresses the growing demand for a reliable and compliant digital asset. It is issued on both the XRP Ledger and Ethereum networks, utilising the strengths of each to cater to a broad range of users. Ripple, a regulated financial institution, ensures that RLUSD meets all relevant regulatory requirements, leveraging its global portfolio of licenses to maintain compliance.
Each RLUSD token is fully backed by a reserve consisting of USD fiat and cash equivalents, such as government money market funds and short-term US Treasury Bills, held at US-based financial institutions. This ensures the stablecoin’s value is always aligned with the US dollar. RLUSD is designed with enterprises in mind, particularly institutions and payment providers, focusing on transparency and regulatory adherence. Monthly reserve attestations will be provided by an independent US-based certified public accountant, further enhancing trust and transparency.
RLUSD is issued by Ripple's subsidiary, Standard Custody and Trust Company (SCTC), which is chartered by the New York State Department of Financial Service.
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