Ripple USD (RLUSD): New Launch and Potential Pressure on XRP

Ripple Labs has launched its USD-backed stablecoin RLUSD to provide instant payments and financial stability.

XRP surges: The coin has seen a 13% surge, reaching $2.67.

Selling pressure: $115 million in XRP flowing into exchanges suggests a price correction is likely soon.

The launch is a big step, but it could cause volatility in the short term.