Justin Sun hints at the possibility of Ripple's RLUSD stablecoin launch on Tron (TRX)
Justin Sun has hinted at the potential launch of Ripple's RLUSD stablecoin on the Tron (TRX) blockchain platform. Ripple's RLUSD stablecoin is expected to debut after receiving approval from the New York State Department of Financial Services (NYDFS), with the official launch date set for December 4, 2024. Ripple has completed the necessary preparations for the launch and plans to utilize Axelar's cross-chain money transfer services to facilitate the conversion of stablecoins between blockchains, including XRP Ledger and Ethereum.
Ripple describes RLUSD as a tool that helps users conduct transactions quickly with low fees, fully backed by US dollars and equivalent valuable assets, similar to other stablecoins like USDT and USDC. Sun, as the founder of Tron, believes that the collaboration between Tron and Ripple in issuing RLUSD could open up new opportunities for users. However, more detailed information regarding the possibility of the launch on Tron has yet to be officially announced.