😱🚀Critical development in Ripple: How will it affect the price of XRP?👀🔥
Ripple is testing its stablecoin #Ripple USD (RLUSD) on #XRP Ledger and Ethereum.
The company shared that RLUSD is now in private beta. “Ledger and Ethereum mainnet,” the company wrote on social media platform X on Friday.
It also said, “RLUSD has not yet been separated and is therefore not available for purchase or trading. Please beware of scammers who claim to own or distribute RLUSD.”
Ripple touches stablecoins Ripple President Monica Long said on June 25 that the stablecoin’s blockchain XRP Ledger complements the existing cryptocurrency XRP.
The company announced the launch of a USD-pegged stablecoin in hopes of competing with stablecoins earlier this year. USDT and USDC account for $121.62 billion (70.6 percent) and $36.38 billion (21 percent), respectively, of the total stablecoin supply, which reached $172.29 billion as of August 9.
