Ripple has confirmed that its Ripple USD (RLUSD) stablecoin will begin trading globally tomorrow, December 17. RLUSD is a 1:1 dollar-backed stablecoin fully supported by US dollar deposits, short-term US government Treasuries, and other cash equivalents.
Over the past two weeks, more than $65.9 million in RLUSD has been minted, with $13.3 million on the XRPL and $52.9 million on the Ethereum network. With this launch, RLUSD will compete with other major stablecoins like USDC and Tether.
Written by maartunn
