Ripple RLUSD Launch Ignites XRP Surge-What Next For Ripple $XRP?
Ripple RLUSD Launch: A Game Changer for XRP’s Market Trajectory? Ripple's RLUSD Stablecoin Goes Live Today: Will XRP Price Hit New Highs? Ripple, the third-largest crypto payments facilitator, is making waves in the crypto space with the launch of its much-anticipated RLUSD stablecoin. Scheduled to go live today, December 17, 2024, Ripple's RLUSD stablecoin has already received approval from the New York Department of Financial Services (NYDFS). Many experts and enthusiasts believe that the launch of RLUSD could act as a catalyst to drive XRP prices to new highs—potentially reaching $3 or more, as investor enthusiasm continues to build. RLUSD Launch Details: What You Need to Know Ripple’s RLUSD stablecoin, pegged 1:1 to the U.S. dollar, will be backed by cash, cash equivalents, and government bonds. To ensure full transparency and trust, the stablecoin will undergo third-party monthly audits to confirm its reserves and maintain its peg.
