What is Ripple Labs' stablecoin RLUSD?
RLUSD is a stablecoin developed by Ripple Labs, pegged 1:1 to the US dollar. The goal of RLUSD is to provide a stable digital currency for transactions, guaranteeing a value equivalent to 1 US dollar. Like other stablecoins, RLUSD is backed by reserve assets such as USD deposits, US government bonds, and cash equivalents.
The launch of RLUSD has been approved by the New York Department of Financial Services (NYDFS), and is currently listed on several exchanges such as Uphold, MoonPay, Archax, CoinMENA, and will expand to other exchanges in the near future. next time. Initially, RLUSD will focus on the Americas, Asia-Pacific, UK and Middle East markets, but is not yet present in the European Union due to not yet having a license under MiCA regulations. Although pegged at 1 USD, RLUSD may experience initial price fluctuations due to limited liquidity.
