MESH, a cryptocurrency payment network, now supports RIPPLE USD (โ#RLUSD)/ โ#XRP as the company stated.
We are pleased to officially support Ripple USD (RLUSD), the US dollar-backed stablecoin issued by Ripple.
Users can now access RLUSD as a payment option alongside more than 50 other supported tokens, and merchants can easily accept it at checkout.
RLUSD was launched in 2024, and it is a dollar-backed stablecoin, fully supported by a mix of dollar deposits, US government bonds, and cash-equivalent financial instruments. To ensure the safety and transparency of these reserves, they are subject to monthly attestations by a certified public accountant.
It is also one of the few stablecoins issued by a limited-purpose trust company in New York, providing a level of regulatory oversight that distinguishes it. The RLUSD coin is designed with transparency and substantive compliance, reflecting Ripple's over ten years of experience as a trusted leader in this field, known for its commitment to safety, compliance, and regulatory integrity.
With Mesh now supporting RLUSD, users can easily deposit, transfer, and pay using the stablecoin, and merchants can accept it at checkout. Since it is fully backed 1:1 by the US dollar, both users and merchants can rely on RLUSD for stable and non-volatile payments.