Attention #Xrp🔥🔥 Holders
The wait for the #Ripple stablecoin is over 🥳
Ripple will launch the US dollar-pegged stablecoin
#RLUSD tomorrow, December 17.
"RLUSD will be available on global markets starting tomorrow," Ripple said in a statement on Monday. "Each RLUSD token is fully backed by US dollar deposits, US government bonds, and cash equivalents."
An independent auditing firm will be tasked with creating certifications of RLUSD reserve assets to promote transparency, Ripple added. Certifications will be published monthly.
RLUSD will be launched on platforms such as Uphold and MoonPay in the initial stage. RLUSD issues a NYDFS-based trust company license.
Initially, RLUSD is available on XRP Ledger and Ethereum. However, Ripple has said it "plans to expand into additional blockchains, protocols, and decentralized finance applications over time."