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Ripple CTO Explains How RLUSD and XRP Complement Each Other
Ripple’s launch of its stablecoin, RLUSD, marks a pivotal advancement for the XRP Ledger (XRPL) ecosystem. The stablecoin aims to drive innovation, expand use cases, and increase engagement within the XRPL ecosystem.
The XRPL, renowned for its speed, scalability, and cost-efficiency, was built to support assets, including cryptocurrencies and fiat-backed tokens. According to Ripple’s Chief Technology Officer David Schwartz, the introduction of RLUSD brings significant advantages to the decentra
🚀🚀🚀⚡⚡⚡ 2025 is shaping up to be a pivotal year for cryptocurrency for several compelling reasons
1. Bitcoin Halving Event The Bitcoin halving, expected in April 2024, reduces block rewards for miners by half. Historically, halving events have preceded massive bull markets, as the reduced supply of Bitcoin coupled with sustained or increasing demand leads to price surges. The effects of the 2024 halving are likely to materialize fully in 2025. 2. Institutional Adoption Major financial institutions, such as BlackRock, Fidelity, and others, are entering the crypto space with Bitcoin ETFs and o
Raising the Standard for Stablecoins: Ripple USD Launches Globally with Unmatched Utility, Experienc
Shaping the future of payments. Joining the Advisory Board provides me an opportunity to counsel RLUSD as it embarks on its journey in the rapidly evolving financial landscape," said Raghuram Rajan, former Governor of the Reserve Bank of India.
https://ripple.com/press-releases/
Former Governor of the Reserve Bank of India Raghuram Rajan and former First VP and COO of the Federal Reserve Bank of Boston Kenneth Montgomery Join Advisory Board
Ripple, the leading provider of digital asset infras
🚨BREAKING: @Ripple’s stablecoin $RLUSD will go live on Tuesday, December 17th.
📌$RLUSD will initially be available on @UpholdInc, @moonpay, @ArchaxEx and @CoinMENA, with additional listings on platforms such as @Bitso, @Bullish, @Bitstamp and others in the coming weeks.
📌Early next year, Ripple Payments will use $RLUSD to facilitate global payments on behalf of its enterprise customers.
📌Ripple will add two new members to its advisory board: Former Governor of the Reserve Bank of India Raghuram Rajan and former First Vice President and Chief Operating Officer of the Federal Reserve Bank of Boston Kenneth Montgomery.
📌Rajan and Montgomery will join existing board members former @FDICgov Chair Sheila Bair, Vice Chairman of Partners Capital @DavidPuth, and Ripple co-founder and Executive Chairman @chrislarsensf.
🚀🚀🚀 Bitcoin hit fresh record highs above $106,000 in Asian trade. The world’s top cryptocurrency bounced after comments from President-elect Donald Trump that suggested he could create a US bitcoin strategic reserve.❤️🔥❤️🔥❤️🔥