Sell RLUSD in Singapore (Ripple USD)
How to sell RLUSD in Singapore
Register, deposit and sell 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
Instantly deposit RLUSD and other crypto assets 24/7.
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3. Sell RLUSD (Ripple USD)
Place a market or limit sell order. Alternatively, use our OTC desk for high-value trades.
There are multiple ways to sell
Market sell
Limit sell
OTC sell
Auto & API sell
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Made for you
Create a personal or business account. Access the award-winning platform 24/7 using the website or mobile app.
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Instant deposits and withdrawals
Access the cryptocurrency market 24/7. Instant SGD deposits with PayNow or FAST, and instant SGD withdrawals using FAST.
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Low fees
Trading fees start at 0.5% and go down to 0.02%. Low fees apply to instant, crypto and SWIFT withdrawals.
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Multi-currency trading
Buy and sell RLUSD and other popular cryptocurrencies with SGD or USD.
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Sell RLUSD on the go
Buy, sell and track your cryptocurrency portfolio, anywhere and anytime with the Independent Reserve app.
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Protecting your assets is our top priority
No commingling of customer funds: we keep client assets completely separate from our own.
1:1 reserves
We maintain a full 1:1 reserve of all client fiat and digital assets.
We hold the vast majority of digital assets in secure offline cold storage protected in underground vaults with maximum security.
Audited and licensed
We are the first crypto exchange to be licensed by MAS.
Our books are balanced and we carry no debt on our balance sheet. We engage external auditors to verify our holdings with annual audits of our financial statements. This includes verification of all fiat and crypto balances held in custody on behalf of clients.
Segregated funds
We do not commingle customer funds. We maintain complete segregation of all client assets to ensure that when you need to make a withdrawal, you can.
We keep your assets safe. That is our promise.
Single purpose asset utilisation
We do not engage in any lending, borrowing or rehypothecation of assets (i.e. pledging assets as collateral for debt).
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Available in SGD and USD.
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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