According to The Block, Ripple's stablecoin RLUSD will officially launch on December 17. Ripple added that an independent auditing firm will be responsible for creating proof of the reserves backing RLUSD to enhance transparency. These proofs will be published monthly.

The stablecoin will initially launch on Uphold, MoonPay, Archax, and CoinMENA, with plans to launch on platforms such as Bitso, Bullish, Bitstamp, Mercado Bitcoin, Independent Reserve, and Zero Hash in the coming weeks.