RIPPLE WITH RLUSD STABLECOIN ....
#MarketRebound #elg #escoin #doge
Ripple has launched its new stablecoin, RLUSD, which is backed one-to-one by the US dollar. This asset aims to increase access to the decentralized finance (DeFi) ecosystem by operating on the XRP Ledger and Ethereum blockchains.
RLUSD has proven its regulatory compliance by receiving approval from the New York Department of Financial Services (NYDFS). Ripple CEO Brad Garlinghouse described this development as “a stablecoin launched under the world’s highest regulatory standard.”
Initially listed on exchanges such as Uphold, Bitso, MoonPay, Archax and CoinMENA, RLUSD plans to be included on more platforms in the future. It is also aimed to be integrated into the Ripple Payments network in early 2025, providing speed and cost advantages in corporate payments.
Analysts say that RLUSD could position Ripple to compete in the stablecoin market and challenge existing players like Tether.
As a result, the launch of RLUSD has the potential to increase Ripple’s influence in the DeFi space, providing broader financial services for users and institutions.#binance#escoin #btc#elg
Sources:
1. Cointelegraph. “Ripple Labs’ RLUSD stablecoin: Everything you need to know.” 
2. Finance Magnates. “Ripple RLUSD Stablecoin Integrates with XRP Ledger and ETH Blockchains.”
3. FinTech Magazine. “Ripple Launches New USD Stablecoin Globally.” 
4. Barron’s. “XRP Price Soars After Ripple Launches New Stablecoin Token.”
