🚀 Ripple Labs is shaking things up! On Aug. 9, they announced the first tests of their dollar-pegged stablecoin, RLUSD, on the XRP Ledger and Ethereum mainnets. This stablecoin is overcollateralized, meaning each RLUSD is backed 1:1 by US dollar reserves. 🏦

To keep things transparent, Ripple promises third-party audits and monthly reports. And no, they’re not ditching XRP for RLUSD—both will serve the markets.

But wait, there’s more! Ripple faced a $125M penalty in an SEC lawsuit but CEO Brad Garlinghouse called it a "victory" against the SEC's $2B fine demand. XRP prices soared 26% to $0.64!

Drop your thoughts below! 💬