WHAT IS RLUSD?

YES, RIPPLE is LAUNCHING

Yes, Ripple is launching a new stablecoin called RLUSD, designed to maintain a 1:1 value with the US dollar. RLUSD is being launched on the XRP Ledger and Ethereum blockchain to support cross-border payments, decentralized finance (DeFi), and tokenization of real-world assets. The coin is backed by USD reserves, government bonds, and cash equivalents, with assurances of monthly audits to ensure transparency.

Ripple has partnered with platforms like Uphold, Bitstamp, and MoonPay for RLUSD’s availability and aims to offer stability and regulatory compliance in its operations. This new stablecoin, currently in beta with about $60 million already in circulation, is expected to appeal especially to enterprises seeking a secure digital asset for various financial applications   .