🔥🔥🔥 #Ripple💰 President Confirms $XRP and #RLUSD Integration in Upcoming Payment Solution
Ripple Unveils RLUSD #stablecoin Partners at Ripple Swell Event
- Ripple announced initial exchange partners for its upcoming stablecoin, RLUSD, at its Ripple Swell event. Pending regulatory approval from the New York Department of Financial Services (NYDFS), RLUSD will launch on major exchanges, including Bitstamp, Bitso, MoonPay, Uphold, and more.
Key Features and XRP's Role
- Designed for tokenization, payments, and DeFi, RLUSD will complement XRP, not replace it, in Ripple’s payment solutions. Ripple CTO David Schwartz emphasized XRP’s unique role in the XRP Ledger for transaction fees, citing its immutability and lack of jurisdictional limitations.
RLUSD Beta Testing
- Currently in closed beta on XRPL and Ethereum, RLUSD has a total supply of $47.4 million. The public rollout depends on NYDFS approval, with Ripple actively preparing for launch.
Source - thecryptobasic.com
