TLDRRipple USD (RLUSD) achieves a $773.6 million reserve backing, confirmed by a Deloitte attestation.Jack McDonald, CEO of Standard Custody, praises RLUSD’s regulatory compliance and transparency.RLUSD gains traction on crypto exchanges, including its recent listing on BybitSpot.BlackRock and VanEck incorporate RLUSD into their strategies, signaling institutional adoption.Ripple USD strengthens its position in the African market through strategic partnerships.Ripple USD (RLUSD) has achieved a significant milestone with its first Deloitte-backed attestation, confirming a reserve backing of $773.6 million. This milestone marks the stablecoin’s rapid growth in under a year since its launch. The attestation from Deloitte & Touche LLP underscores Ripple’s commitment to transparency and regulatory compliance.RLUSD Demonstrates Regulatory Compliance and TransparencyJack McDonald, CEO of Standard Custody, praised the audit report, emphasizing that RLUSD is following all necessary regulatory guidelines. He assured the community that Ripple remains dedicated to ensuring RLUSD meets the highest standards of compliance. Unlike other failed projects in the crypto space, RLUSD is positioning itself as a transparent and reliable stablecoin.McDonald highlighted that RLUSD’s growth in the market is a direct result of adhering to regulatory standards. As the stablecoin continues to gain traction, Ripple is setting a strong example for other crypto projects. “This marks a critical point in the industry where compliance is no longer optional,” said McDonald.Ripple USD’s Growing Adoption in the Crypto MarketRipple USD is steadily gaining recognition on crypto exchanges. Recently, the stablecoin was listed on BybitSpot, marking an important step toward increasing liquidity. This listing enhances accessibility for traders and further solidifies RLUSD’s position in the cryptocurrency market. Ripple’s ongoing efforts to expand its reach suggest the stablecoin aims to compete with USDT and USDC.https://x.com/_JackMcDonald_/status/1973021726653993331Ripple’s adoption is also gaining momentum among major institutional players. BlackRock (BUIDL) and VanEck (VBILL) have incorporated RLUSD into their strategies, signaling growing confidence in the stablecoin. With institutional investors on board, RLUSD is poised to bridge the gap between traditional finance and the cryptocurrency market.Ripple USD Strengthens Its Position in the African MarketRipple has also expanded its presence in Africa, positioning RLUSD as a reliable remittance and payment tool. The company has partnered with several prominent platforms in the region, including Chipper Cash, VALR, and Yellow Card. These partnerships enable Ripple to tap into the growing demand for stablecoins in the African market.Stablecoins, such as RLUSD, offer an efficient solution for cross-border transactions, especially for remittances. Many African users prefer stablecoins due to their speed and low cost. As Ripple continues to gain ground in this market, it strengthens RLUSD’s role as a key player in global payments.The post Ripple USD (RLUSD) Gains Traction with $773.6M Reserve and Adoption appeared first on Blockonomi.