Ripple USD (RLUSD), a stablecoin issued by Ripple Research Institute, has been listed on Ripio, an Argentine Bitcoin (BTC) and cryptocurrency exchange.
Stablecoins can be purchased in Argentine Pesos through local deposits. Bank transfer or via Mercado Pago.
As of the publication of this note, Ripple assets are trading at approximately P1,511, according to the prices displayed on the platform.
How can I buy RLUSD on Ripio?
To purchase RLUSD on Ripio, users must follow these steps:
- Register and activate your account on Ripio.
- Create an account on Ripio and complete authentication to trade.
- Start load balancing.
- Deposit pesos by remittance.
- Enter the market and search for RLUSD. Once there, make your purchase.
The introduction of RLUSD on Argentine exchanges adds a new alternative. Those seeking exposure to stablecoins pegged to the dollar.
As reported by CriptoNoticias, RLUSD is a digital currency designed to maintain 1:1 parity with the US dollar. Its backing consists of dollar deposits and government bonds.comes with monthly certifications aimed at making the status of your reserves transparent.
In terms of infrastructure, RLUSD is compatible with the XRP Ledger and Ethereum. but, Ripio allows trading only through Ethereum.
