Ripple Makes a Breakthrough with RLUSD Launch

Ripple is set to shake up the crypto world by launching its stablecoin Ripple USD (RLUSD) on December 17. The stablecoin promises stability and innovation, and will be available on major platforms like Uphold, MoonPay, Archax, and CoinMENA. Support from Bitso and Bitstamp will follow, ensuring global access.

RLUSD is part of Ripple’s mission to expand adoption in the Americas, Asia-Pacific, and beyond. With plans to integrate into the Ripple Payments network by 2025, RLUSD will support cross-border payments and remittances.

Xaman Wallet has seen a surge in users thanks to RLUSD. The wallet, designed for the XRP Ledger ecosystem, saw a 250% increase in weekly active users. 🚀

Ahead of launch, RLUSD attracted attention with its high pre-launch price. Ripple CTO David Schwartz explained that the price was due to limited supply. However, RLUSD will stabilize at $1 once supply meets demand.

The launch of RLUSD sparked optimism in the XRP ecosystem, providing more liquidity and fueling a price rally. With a strong team and regulatory approval, Ripple is leading the new era of digital payments. 🌐