Upbit, South Korea's largest virtual asset exchange, simultaneously listed Ripple's dollar-pegged stablecoin 'RLUSD' on the Korean Won (KRW), Bitcoin (BTC), and Tether (USDT) markets on the afternoon of the 28th. The network used for transactions is the XRP Ledger.

As of 2:05 PM on the 28th, RLUSD's market price on the KRW market is 1,458 won. With this listing, domestic investors can now directly trade RLUSD through Upbit.

RLUSD is a fiat-collateralized stablecoin based on the U.S. dollar. Centered around Ripple Payments, it can be utilized for various financial activities such as business-to-business (B2B) payments, cross-border remittances, fund settlement, and treasury management. The token is issued by Standard Custody & Trust Company (SCTC).

[※ This article is not a solicitation for investment, and the responsibility for investment decisions lies solely with the investor.]