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$XRP Ripple is preparing to launch its stablecoin Ripple USD (RLUSD) with parity to the US dollar. The crypto community is eagerly awaiting the launch, scheduled for December 4.
According to Fox Business, Ripple is expected to launch RLUSD on December 4, following approval from the New York Department of Financial Services.
The blockchain company has warned to be cautious of tokens claiming to be RLUSD or Ripple USD until an official announcement confirms the launch.
Previous listings of RLUSD have already appeared on major cryptocurrency data providers, including CoinGecko and CoinMarketCap.
RLUSD will initially launch on Ripple's XRPL and Ethereum
Introduced in June, RLUSD is a 1:1 stablecoin fully backed by deposits in US dollars, short-term US government Treasury bonds, and other cash equivalents.
Since early August, the stablecoin RLUSD has been in beta testing on Ripple's decentralized public blockchain platform, the Ledger (XRPL), and on the Ethereum mainnet. Ripple stated that it plans to expand RLUSD to additional blockchains and decentralized financial (DeFi) protocols over time.
#xrp
According to Fox Business, Ripple is expected to launch RLUSD on December 4, following approval from the New York Department of Financial Services.
The blockchain company has warned to be cautious of tokens claiming to be RLUSD or Ripple USD until an official announcement confirms the launch.
Previous listings of RLUSD have already appeared on major cryptocurrency data providers, including CoinGecko and CoinMarketCap.
RLUSD will initially launch on Ripple's XRPL and Ethereum
Introduced in June, RLUSD is a 1:1 stablecoin fully backed by deposits in US dollars, short-term US government Treasury bonds, and other cash equivalents.
Since early August, the stablecoin RLUSD has been in beta testing on Ripple's decentralized public blockchain platform, the Ledger (XRPL), and on the Ethereum mainnet. Ripple stated that it plans to expand RLUSD to additional blockchains and decentralized financial (DeFi) protocols over time.
#xrp
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