The Binance announcement states:
The Ripple announcement explains:
FAQ ⏰ When will RLUSD begin trading on Binance? Which networks does RLUSD support at launch? RLUSD launches with ethereum support, with XRP Ledger integration coming soon. What trading pairs are available for RLUSD on Binance? Initial pairs include RLUSD/ USDT, RLUSD/U, and XRP/RLUSD. How is RLUSD backed and regulated? RLUSD is backed one-to-one by U.S. dollars, Treasuries, and cash equivalents under NYDFS oversight.
