🎉 RLUSD has finally been launched, the new cryptocurrency from Ripple. It is a stablecoin backed by dollars and cash deposits, which will operate on both the XRP Ledger (the XRP network) and Ethereum.

🏦 The launch took place simultaneously on 5 exchanges: Uphold, Bitso, MoonPay, Archax, and CoinMENA.

📈 The anticipation of the launch also had a significant impact on the price of XRP, which rose by 10% just on the morning of this Tuesday, currently trading above USD 2.65.

🤔 It is expected that if RLUSD turns out to be a successful product, the price of XRP could be positively impacted in the coming months.