Ripple’s Stablecoin Launch: "RLUSD" Coming Within Weeks! 🚀🚀🔥
🔥Ripple CEO Brad Garlinghouse has stirred the crypto community with a significant announcement: ⬇️
💥Ripple's US dollar-pegged stablecoin launch, RLUSD, is just weeks away.
💣Ripple is gearing up for a significant milestone. During his speech at Korea Blockchain Week, CEO Brad Garlinghouse revealed that Ripple's US dollar-pegged stablecoin, RLUSD, will be launched "in weeks, not months." Currently in a closed beta phase, RLUSD represents Ripple’s strategic entry into the stablecoin market, a move Garlinghouse describes as a response to the vacuum left by the collapse of USDC 18 months ago.
🏦Garlinghouse emphasized that Ripple's existing relationships with numerous financial institutions provide a solid foundation to introduce RLUSD as a trusted alternative in the stablecoin market. "We felt there was an opportunity for a credible player to step in," he noted.
🚨In addition to the stablecoin news, Garlinghouse dispelled rumors about Ripple's plans for an Initial Public Offering (IPO) in the US, pointing out the SEC’s contradictory actions regarding crypto regulations. He also expressed criticism of the SEC's legal actions against crypto companies, like the lawsuit against OpenSea, highlighting the challenges smaller companies face against regulatory "bullies."
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