Ripple (XRP) has officially launched its stablecoin, RLUSD, on global exchanges. The announcement was made on Ripple's official blog on December 17th, 2023. RLUSD is backed by a basket of fiat currencies, including the US dollar, euro, and Japanese yen. This backing will provide stability to the coin's value, making it an attractive option for those who are looking for a stable store of value or want to avoid the volatility of other cryptocurrencies. RLUSD is now available for trading on several exchanges, including Uphold, MoonPay, Archax, and Coinmena. Ripple has stated that it expects RLUSD to be adopted by a wide range of businesses and individuals in the coming months. The launch of RLUSD is a significant milestone for Ripple. The company has been working on the project for several years, and it expects RLUSD to play a major role in the future of the XRP ecosystem.

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