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šøš¬BREAKINGā¹ļøšØ: Independent Reserve First to List Ripple USD (RLUSD) Stablecoin in Singapore šøš¬
Singapore, Independent Reserve (IR), Singaporeās šøš¬first licensed cryptocurrency exchange for all investors, has announced its pioneering role in listing Rippleās USD-backed stablecoin, Ripple USD (RLUSD). Starting from 22 December 2024, customers in Singapore will be able to trade RLUSD on the platform.
As the first exchange in Singapore to offer RLUSD, Independent Reserve is bringing this stablecoin to its order book and OTC desk, providing a seamless and efficient liquidity solution for cross-border transactions. This addition allows clients to conduct global transactions with greater speed and reduced costs, further enhancing the exchangeās offerings.
RLUSD is a stablecoin pegged 1:1 to the US dollar, issued on both the XRP Ledger and Ethereum networks. It is designed for a wide range of applications, from cross-border payments to decentralized finance (DeFi), offering a secure, fast, and scalable alternative for users in the growing stablecoin market.
Lasanka Perera, CEO of Independent Reserve Singapore, commented: āThe stablecoin market has experienced tremendous growth, demonstrating that stablecoins are becoming integral to modern financial systems. They have proven to be a viable solution for payment transactions and supporting DeFi ecosystems. RLUSD offers a compelling option for investors and financial institutions, providing a more efficient and secure way to move capital globally."
He continued, āAs long-standing partners of Ripple, we are proud to be the first regulated exchange to offer Ripple USD in Singapore. This decision reflects the strong trust and mutual support we have cultivated over the years. By listing RLUSD, Independent Reserve continues its commitment to transforming financial services through crypto and blockchain technology.ā
Secure and Accessible Stablecoin Opportunities in Singapore
Customers of Independent Reserve in Singapore can now buy and sell RLUSD using either Singapore dollars (SGD) or US dollars (USD) on the exchangeās order book and OTC desk.
RLUSD is issued under the New York Department of Financial Services (NYDFS) limited-purpose trust charter, one of the most stringent regulatory frameworks in the financial industry. Fully backed by the US dollar, the Ripple USD Reserve is maintained through a combination of USD fiat and cash equivalents, including government money market funds and short-term US Treasury Bills, held by US-based financial institutions. Ripple also commits to providing monthly third-party attestations of RLUSDās reserve assets, conducted by an independent auditing firm, ensuring transparency and security for investors.
Independent Reserveās listing of RLUSD marks a significant step forward in expanding stablecoin accessibility in Singapore, offering a regulated and secure environment for users to trade and leverage the benefits of Rippleās USD-backed stablecoin. #Singapore #Ripple #RippleUpdate #Rippleš° #SingaporeCryptoTrend $XRP
As the first exchange in Singapore to offer RLUSD, Independent Reserve is bringing this stablecoin to its order book and OTC desk, providing a seamless and efficient liquidity solution for cross-border transactions. This addition allows clients to conduct global transactions with greater speed and reduced costs, further enhancing the exchangeās offerings.
RLUSD is a stablecoin pegged 1:1 to the US dollar, issued on both the XRP Ledger and Ethereum networks. It is designed for a wide range of applications, from cross-border payments to decentralized finance (DeFi), offering a secure, fast, and scalable alternative for users in the growing stablecoin market.
Lasanka Perera, CEO of Independent Reserve Singapore, commented: āThe stablecoin market has experienced tremendous growth, demonstrating that stablecoins are becoming integral to modern financial systems. They have proven to be a viable solution for payment transactions and supporting DeFi ecosystems. RLUSD offers a compelling option for investors and financial institutions, providing a more efficient and secure way to move capital globally."
He continued, āAs long-standing partners of Ripple, we are proud to be the first regulated exchange to offer Ripple USD in Singapore. This decision reflects the strong trust and mutual support we have cultivated over the years. By listing RLUSD, Independent Reserve continues its commitment to transforming financial services through crypto and blockchain technology.ā
Secure and Accessible Stablecoin Opportunities in Singapore
Customers of Independent Reserve in Singapore can now buy and sell RLUSD using either Singapore dollars (SGD) or US dollars (USD) on the exchangeās order book and OTC desk.
RLUSD is issued under the New York Department of Financial Services (NYDFS) limited-purpose trust charter, one of the most stringent regulatory frameworks in the financial industry. Fully backed by the US dollar, the Ripple USD Reserve is maintained through a combination of USD fiat and cash equivalents, including government money market funds and short-term US Treasury Bills, held by US-based financial institutions. Ripple also commits to providing monthly third-party attestations of RLUSDās reserve assets, conducted by an independent auditing firm, ensuring transparency and security for investors.
Independent Reserveās listing of RLUSD marks a significant step forward in expanding stablecoin accessibility in Singapore, offering a regulated and secure environment for users to trade and leverage the benefits of Rippleās USD-backed stablecoin. #Singapore #Ripple #RippleUpdate #Rippleš° #SingaporeCryptoTrend $XRP
HERE ARE THE LATEST CRYPTOCURRENCY NEWS UPDATES FOR March 11, 2025:
i.Singapore Exchange Plans Bitcoin Futures Listing
The Singapore Exchange (SGX) intends to introduce open-ended bitcoin futures contracts in the latter half of 2025. This initiative is targeted at institutional clients and professional investors, aiming to "significantly expand institutional market access." Retail investors will not have access to these instruments.
ii. European Concerns Over U.S. Cryptocurrency Policies
Eurozone finance ministers have expressed apprehension regarding the U.S. administration's pro-cryptocurrency stance, fearing it could undermine the eurozone's monetary sovereignty and financial stability. President Donald Trump's executive order to establish a strategic cryptocurrency reserve marks a significant policy shift, prompting European officials to expedite discussions on a digital euro to safeguard economic sovereignty.Ā
iii.North Korean Hackers and the $1.5 Billion Crypto Heist
The Lazarus Group, a North Korean hacking collective, has reportedly extracted $300 million from a recent $1.5 billion cryptocurrency heistāthe largest in history. The stolen funds are allegedly intended to support North Korea's nuclear program, with hackers working tirelessly to convert the remaining cryptocurrency into cash.
iv.Cryptocurrency Market Trends
Cryptocurrency values are on the rise, with Bitcoin surpassing $90,000. Enthusiasts are keenly observing whether Bitcoin can exceed its previous record high of $109,135.
#NorthKoreaHackers #SingaporeCryptoTrend
#usacryptopolicy
#BTC
i.Singapore Exchange Plans Bitcoin Futures Listing
The Singapore Exchange (SGX) intends to introduce open-ended bitcoin futures contracts in the latter half of 2025. This initiative is targeted at institutional clients and professional investors, aiming to "significantly expand institutional market access." Retail investors will not have access to these instruments.
ii. European Concerns Over U.S. Cryptocurrency Policies
Eurozone finance ministers have expressed apprehension regarding the U.S. administration's pro-cryptocurrency stance, fearing it could undermine the eurozone's monetary sovereignty and financial stability. President Donald Trump's executive order to establish a strategic cryptocurrency reserve marks a significant policy shift, prompting European officials to expedite discussions on a digital euro to safeguard economic sovereignty.Ā
iii.North Korean Hackers and the $1.5 Billion Crypto Heist
The Lazarus Group, a North Korean hacking collective, has reportedly extracted $300 million from a recent $1.5 billion cryptocurrency heistāthe largest in history. The stolen funds are allegedly intended to support North Korea's nuclear program, with hackers working tirelessly to convert the remaining cryptocurrency into cash.
iv.Cryptocurrency Market Trends
Cryptocurrency values are on the rise, with Bitcoin surpassing $90,000. Enthusiasts are keenly observing whether Bitcoin can exceed its previous record high of $109,135.
#NorthKoreaHackers #SingaporeCryptoTrend
#usacryptopolicy
#BTC
š„ $PIPPIN/USDT Short Trade Signal! š„šÆ
š¹ Current Price: $0.02544
Key Levels
š Resistance: $0.02574
š Support: $0.02542
Trade Plan š
ā Entry Zone: $0.02540 ā $0.02560 š» Short Position
šÆ Targets:
TP1: $0.02500 TP2: $0.02460 TP3: $0.02400
ā Stop Loss: $0.02610
Market Insights
š¹ RSI(6): 27.37 ā Approaching oversold territory, indicating potential for further downside but also a possible bounce.
š¹ MACD is turning negative, suggesting bearish momentum.
š¹ Price is testing the lower Bollinger Band, indicating a possible continuation of the decline.
Pro Tip š”
š Watch for a break below $0.02540 for stronger bearish confirmation.
š Trade wisely & manage your risk! š
š¬ Whatās your take on $PIPPIN? Drop your thoughts below! ā¬ļø#Pippinusd #MassiveReturns #ShortSignal #SingaporeCryptoTrend
š¹ Current Price: $0.02544
Key Levels
š Resistance: $0.02574
š Support: $0.02542
Trade Plan š
ā Entry Zone: $0.02540 ā $0.02560 š» Short Position
šÆ Targets:
TP1: $0.02500 TP2: $0.02460 TP3: $0.02400
ā Stop Loss: $0.02610
Market Insights
š¹ RSI(6): 27.37 ā Approaching oversold territory, indicating potential for further downside but also a possible bounce.
š¹ MACD is turning negative, suggesting bearish momentum.
š¹ Price is testing the lower Bollinger Band, indicating a possible continuation of the decline.
Pro Tip š”
š Watch for a break below $0.02540 for stronger bearish confirmation.
š Trade wisely & manage your risk! š
š¬ Whatās your take on $PIPPIN? Drop your thoughts below! ā¬ļø#Pippinusd #MassiveReturns #ShortSignal #SingaporeCryptoTrend
Singapore Exchange Drops a Crypto Bomb: Bitcoin Perpetual Futures Are Coming this 2025!
Singapore is about to shake things up! The Singapore Exchange (SGX) announced on March 10, 2025, that itās launching regulated Bitcoin perpetual futures in Q3 2025, making it Asiaās first major bourse to dive into this high octane game. These contracts, tied to BTCās spot price with no expiry, are a traderās dream, offering leverage, flexibility, and a chance to ride Bitcoinās wild waves, all under Singaporeās rock solid regulatory umbrella.
SGX isnāt messing around. With Asiaās crypto derivatives market already topping $800 billion annually, this move could siphon volume from offshore giants like Binance and Bybit. āWe are bringing trust and scale to BTC futures,ā an SGX exec said, touting tight oversight and institutional grade infrastructure. Itās a big flex for Singapore, cementing its rep as a global crypto hub after luring firms with clear rules and tax perks.
The Crypto faithful are buzzing: āSGX just made Singapore the BTC futures king!ā one trader posted. With Bitcoin at $80,000 post dip, and institutional appetite surging, these perpetuals, settled in USD could draw Wall Street and Asian whales alike. Launching alongside tokenized asset trials, SGXās play suggest ambition. 2025 is shaping up to be Singaporeās year, watch out, world!
#SingaporeCryptoTrend $BTC
Singapore is about to shake things up! The Singapore Exchange (SGX) announced on March 10, 2025, that itās launching regulated Bitcoin perpetual futures in Q3 2025, making it Asiaās first major bourse to dive into this high octane game. These contracts, tied to BTCās spot price with no expiry, are a traderās dream, offering leverage, flexibility, and a chance to ride Bitcoinās wild waves, all under Singaporeās rock solid regulatory umbrella.
SGX isnāt messing around. With Asiaās crypto derivatives market already topping $800 billion annually, this move could siphon volume from offshore giants like Binance and Bybit. āWe are bringing trust and scale to BTC futures,ā an SGX exec said, touting tight oversight and institutional grade infrastructure. Itās a big flex for Singapore, cementing its rep as a global crypto hub after luring firms with clear rules and tax perks.
The Crypto faithful are buzzing: āSGX just made Singapore the BTC futures king!ā one trader posted. With Bitcoin at $80,000 post dip, and institutional appetite surging, these perpetuals, settled in USD could draw Wall Street and Asian whales alike. Launching alongside tokenized asset trials, SGXās play suggest ambition. 2025 is shaping up to be Singaporeās year, watch out, world!
#SingaporeCryptoTrend $BTC
š”ļø GSR Gets Approval in Singapore ā Major Moves in Asia! šøš¬
GSR Markets, one of the top crypto liquidity providers, has secured regulatory approval in Singapore! š With this Major Payment Institution license from the Monetary Authority of Singapore, GSR is now poised to expand its presence across the booming Asia-Pacific crypto market. š¹
This regulatory nod is a huge win, marking a key step toward compliance and trust in a highly competitive market. As crypto adoption grows in Asia, GSRās leadership in trading and liquidity solutions places it in a strong position to shape the regionās blockchain ecosystem.
With Singapore emerging as a global crypto hub, could this signal a new wave of growth for decentralized finance? š„ Let us know: Will GSR lead the charge in Asiaās crypto revolution?
š #GSRMarkets #CryptoRegulation #CryptoLiquidity #SingaporeCryptoTrend #BlockchainBoom $SUI
GSR Markets, one of the top crypto liquidity providers, has secured regulatory approval in Singapore! š With this Major Payment Institution license from the Monetary Authority of Singapore, GSR is now poised to expand its presence across the booming Asia-Pacific crypto market. š¹
This regulatory nod is a huge win, marking a key step toward compliance and trust in a highly competitive market. As crypto adoption grows in Asia, GSRās leadership in trading and liquidity solutions places it in a strong position to shape the regionās blockchain ecosystem.
With Singapore emerging as a global crypto hub, could this signal a new wave of growth for decentralized finance? š„ Let us know: Will GSR lead the charge in Asiaās crypto revolution?
š #GSRMarkets #CryptoRegulation #CryptoLiquidity #SingaporeCryptoTrend #BlockchainBoom $SUI
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