Ripple's RLUSD is a fully USD-backed stablecoin set to launch tomorrow on the XRP Ledger and Ethereum networks. The initial listing exchanges include Uphold, MoonPay, and Bitstamp, with more exchanges joining soon.

Notable advisors such as former Reserve Bank of India Governor Raghuram Rajan and former Federal Reserve executive Kenneth Montgomery have joined the Ripple board, competing with Tether and Circle for a $140 billion stablecoin market.

Early demand may lead to price volatility, with some traders setting the price of RLUSD at over $1,200 per token. Ripple warns: "Do not buy the stablecoin out of fear of missing out." $XRP