I don't know when it will launch on December 4th. It has been postponed and there is still no date. Fake...
AQUILES91
--
Bullish
Now XRP is positive. And the news says that the SEC is planning to use XRP, is that true?
The RLUSD, a stablecoin backed by Ripple, has already been approved by the New York Department of Financial Services (NYDFS) and was officially launched on December 4, 2024. This stablecoin is designed to be 1:1 with the US dollar, backed by dollar deposits, US Treasury bonds, and other cash equivalents.
The RLUSD aims to complement XRP within the Ripple ecosystem, especially in cross-border payments. This stablecoin will offer greater stability and reduce volatility, which is crucial for institutional users. Ripple has also indicated that the RLUSD will integrate with XRP to leverage its liquidity and enhance its functionality in the markets.
Regarding its impact on XRP, the RLUSD could indirectly benefit the cryptocurrency by increasing the use of the Ripple network and strengthening its ecosystem. However, the price of XRP will depend on multiple factors, including the outcome of Ripple's legal case against the SEC and the general adoption of its technology.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.