⚡ 𝙍𝙞𝙥𝙥𝙡𝙚 𝘽𝙚𝙜𝙞𝙣𝙨 𝙏𝙚𝙨𝙩𝙞𝙣𝙜 𝙄𝙩𝙨 𝙎𝙩𝙖𝙗𝙡𝙚𝙘𝙤𝙞𝙣 𝙤𝙣 𝙀𝙩𝙝𝙚𝙧𝙚𝙪𝙢 𝙖𝙣𝙙 𝙓𝙍𝙋 𝙇𝙚𝙙𝙜𝙚𝙧 ⚡️

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Cross-border payment firm Ripple has reportedly begun testing its Ripple USD stablecoin (RLUSD) on the Ethereum mainnet and XRP Ledger. The firm stated that it plans to deploy the fiat-backed token on additional blockchain networks in the future.

RLUSD is backed by short term U.S. Treasuries, dollar deposits and cash equivalents. Ripple stated that it will offer both RLUSD and XRP for global payments services to clients. The stablecoin is yet to receive regulatory approval.

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