Ripple Labs has introduced RLUSD, a stablecoin pegged to the US dollar with a 1:1 ratio. The coin’s collateral assets consist of US dollar deposits or cash equivalents. RLUSD gained regulatory approval from the New York Department of Financial Services in December 2024 and launched on five crypto exchanges shortly after.
It will be incorporated into the Ripple Payment Network in 2025 for use in global payments, offering efficiency and low costs. RLUSD is not a replacement for XRP but rather complements Ripple’s cross-border payment solutions. The coin offers a stable value, regulatory approval, institutional payment focus, wide accessibility, multi-blockchain support, and a fully backed reserve.
Use cases include cross-border payments, on/off-ramps, day-to-day payments, asset tokenization, and DeFi integration. Ripple projects a market cap of over $2 trillion for RLUSD by 2028.
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