Ripple Labs has launched tests of its new stablecoin RLUSD on XRPL and Ethereum. The dollar-pegged token promises transparency and monthly reports. 🏦

However, Ripple is facing a $125 million fine from the SEC, which CEO Brad Garlinghouse called a "victory." XRP soared 26%, but transaction volume on XRPL fell 65.6% in Q2 2024.

Beware of scammers, RLUSD is not available for purchase yet.