Ripple is making waves again! ๐ The company recently announced the testing of its new stablecoin, RippleUSD (RLUSD), on both the Ethereum mainnet and the XRP Ledger. This move has sparked significant interest in the crypto community, especially after Rippleโs recent legal battles with the SEC.
Ripple pegged RLUSD 1:1 to the US dollar, ensuring a stable value for cross-border payments. Overcollateralized with US dollar reserves and short-term treasuries, RLUSD offers high security.
With the stablecoin market expected to grow to over $2 trillion by 2028, Rippleโs strategic positioning could give it a significant advantage. ๐
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