What is RLUSDT?

RLUSD, or Ripple USD, is a stablecoin developed by Ripple with the goal of creating an efficient and reliable cross-border payment solution. RLUSD is backed 1:1 by the US dollar along with equivalent assets such as US Treasury bonds, which helps maintain its stability.

This stablecoin is currently in the testing phase on two main blockchain platforms, XRP Ledger and Ethereum. Ripple aims to make RLUSD primarily serve institutions, not individual users, to reduce the risk of abuse in illegal activities. The development of RLUSD is not only to enhance the global payment experience, but is also part of Ripple's larger strategy to make XRP the primary choice in the decentralized finance (DeFi) sector.

It is expected that RLUSD will be integrated with Ripple's payment services, supporting customers in making international transactions quickly and securely.