Stablecoin

Bank

Vision

Reserve

<ul class="wp-block-list">
 <li>Raghuram Rajan joins RLUSD’s board to enhance regulatory compliance and stablecoin reliability in the digital payments sector.</li>  
 <li>Kenneth Montgomery brings operational expertise to RLUSD, aiming for global adoption and financial inclusion through stablecoins.</li>  
 <li>RLUSD’s advisory board now includes Rajan, Montgomery, and other key leaders, showcasing its commitment to stability and transparency.</li> 
</ul>  
<p>Ripple has <a href="https://www.businesswire.com/news/home/20241216911945/en/Raising-the-Standard-for-Stablecoins-Ripple-USD-Launches-Globally-with-Unmatched-Utility-Experience-and-Compliance#:~:text=Raghuram%20Rajan%2C%20former%20Governor%20of,operational%20aspects%20to%20support%20RLUSD's" target="_blank" rel="noopener noreferrer nofollow">announced</a> that Raghuram Rajan, the former Governor of the Reserve Bank of India, will join its RLUSD advisory board. Alongside Rajan, Kenneth Montgomery, the former First Vice President and Chief Operating Officer of the Federal Reserve Bank of Boston, will also join the board. Both will provide strategic expertise on regulatory, operational, and financial matters to ensure RLUSD’s stability and growth.</p>  
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<h2 class="wp-block-heading" id="raghuram-rajan-s-role-in-guiding-rlusd-s-vision">Raghuram Rajan’s Role in Guiding RLUSD’s Vision</h2>  
<p>Raghuram Rajan brings experience as a global financial leader. He will focus on helping RLUSD achieve compliance and reliability in the digital payments sector. Rajan emphasized the growing <a href="https://cryptofrontnews.com/tag/stablecoin/" rel="noopener noreferrer nofollow">importance of stablecoins</a> as an alternative to traditional payment systems, describing them as secure, scalable, and efficient. His role on the advisory board will include providing regulatory insights and supporting RLUSD’s growth as a trusted stablecoin.</p>  
<p>Previously, Rajan has expressed concerns regarding cryptocurrencies, citing their lack of widespread utility and volatility when compared to traditional currencies. Despite this, his decision to join RLUSD’s advisory board shows the growing confidence in stablecoins as a solution for secure digital payments.&nbsp;</p>  
<h2 class="wp-block-heading" id="kenneth-montgomery-brings-operational-expertise">Kenneth Montgomery Brings Operational Expertise</h2>  
<p>Kenneth Montgomery’s appointment adds operational experience to RLUSD’s advisory team. As a former executive at the Federal Reserve Bank of Boston, Montgomery highlighted the critical role of stablecoins in <a href="https://cryptofrontnews.com/ripple-executes-major-rlusd-burn-boosting-confidence-ahead-of-launch/" rel="noopener noreferrer nofollow">modernizing payment systems</a>. He believes that stablecoins offer faster, more cost-effective, and efficient solutions where traditional systems fall short.</p>  
<p>Montgomery stated his enthusiasm for working with Ripple to support RLUSD’s adoption globally. His operational background will contribute to RLUSD’s efforts in achieving financial inclusion and advancing the digital payments sector.</p>  
<h2 class="wp-block-heading" id="rlusd-s-advisory-board">RLUSD’s Advisory Board</h2>  
<p>Rajan and Montgomery join a strong advisory board that already includes key figures like Sheila Bair, former Chair of the FDIC, David Puth, former CEO of CENTRE Consortium, and Chris Larsen, Ripple’s co-founder.&nbsp;</p>  
<p>The board’s combined experience shows RLUSD’s commitment to regulatory standards, <a href="https://cryptofrontnews.com/ripples-rlusd-gets-final-approval-from-nydfs-to-launch-usd-pegged-stablecoin/" rel="noopener noreferrer nofollow">stability, and transparency</a>. RLUSD operates under a New York Department of Financial Services-issued trust company, reflecting its focus on trust and compliance in the digital finance space.</p>

Former RBI Governor Raghuram Rajan Joins Ripple to Guide RLUSD Stablecoin Growth

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