Ripple's new stablecoin, RLUSD, is set to begin trading on Dec. 17 on several exchanges. Initial exchanges which will support the token include Uphold, Moonpay, Archax and Coinmena. Additional exchanges including Bitstamp, Bitso and Bullish will list the token in the coming weeks, according to a Ripple (XRP) representative speaking to Cointelegraph. RLUSD is a US dollar-pegged stablecoin powered by Ripple's blockchain technology. It is designed to provide users with a stable and reliable way to store and transfer value, without the volatility associated with other cryptocurrencies. The stablecoin will be backed by a basket of fiat currencies and other assets, and will be regulated by a consortium of financial institutions. The launch of RLUSD is a significant step for Ripple, as it marks the company's entry into the stablecoin market. Stablecoins are becoming increasingly popular as a way to store and transfer value, and RLUSD is well-positioned to become a major player in this market.

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