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Bullish
$XRP Breaking: Ripple USD (RLUSD) Launch Date Finally Revealed
San Francisco-based blockchain company Ripple has officially confirmed that the Ripple USD (RLUSD) stablecoin will launch on December 17.
The stablecoin product will appear on major cryptocurrency trading platforms shortly after its launch.
The list of exchanges will include Bitstamp, according to Ripple’s Cassie Craddock.
As reported by U.Today, the much-talked-about stablecoin received approval from the New York State Department of Financial Services (NYDFS) last week.
card$XRP
In his statement, Ripple CEO Brad Garlinghouse said he expects to see wider adoption of stablecoin products. According to Garlinghouse, they offer “real utility.”
The XRP token rose modestly by 1.5% on the news. The imminent launch of the stablecoin product has been largely priced in by the market. The launch of the RLUSD stablecoin comes after XRP has seen a massive rally.
As reported by U.Today, Ripple’s CTO David Schwartz recently warned against speculating on the price of the much-talked-about stablecoin after someone expressed a willingness to buy just a fraction of a token for $1,200. Schwartz warned that the stablecoin’s supply will stabilize in an extremely short period of time.
Commenting on the announcement, Schwartz said he expects to see more liquidity on the XRP Ledger due to the RLUSD stablecoin. He added that there are “countless” opportunities for developers and users “who want the benefits of XRPL, RLUSD, and XRP.”
“RLUSD is launching on Day 1 with credibility, utility, and a host of partners ready to support it!” said Ripple President Monica Long in her recent post
🥰👉follow me👇buy crypto here👇
$XRP
San Francisco-based blockchain company Ripple has officially confirmed that the Ripple USD (RLUSD) stablecoin will launch on December 17.
The stablecoin product will appear on major cryptocurrency trading platforms shortly after its launch.
The list of exchanges will include Bitstamp, according to Ripple’s Cassie Craddock.
As reported by U.Today, the much-talked-about stablecoin received approval from the New York State Department of Financial Services (NYDFS) last week.
card$XRP
In his statement, Ripple CEO Brad Garlinghouse said he expects to see wider adoption of stablecoin products. According to Garlinghouse, they offer “real utility.”
The XRP token rose modestly by 1.5% on the news. The imminent launch of the stablecoin product has been largely priced in by the market. The launch of the RLUSD stablecoin comes after XRP has seen a massive rally.
As reported by U.Today, Ripple’s CTO David Schwartz recently warned against speculating on the price of the much-talked-about stablecoin after someone expressed a willingness to buy just a fraction of a token for $1,200. Schwartz warned that the stablecoin’s supply will stabilize in an extremely short period of time.
Commenting on the announcement, Schwartz said he expects to see more liquidity on the XRP Ledger due to the RLUSD stablecoin. He added that there are “countless” opportunities for developers and users “who want the benefits of XRPL, RLUSD, and XRP.”
“RLUSD is launching on Day 1 with credibility, utility, and a host of partners ready to support it!” said Ripple President Monica Long in her recent post
🥰👉follow me👇buy crypto here👇
$XRP
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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