🚀 Ripple’s new RLUSD stablecoin is being bid up to 836 XRP ($2068) on onchain markets ahead of its launch. This is a sign of frenzy among enthusiasts who want to get their hands on the token!

- Bids start at 500 XRP ($1237).

- Each XRP is worth around $2.5.

- Ripple CTO David Schwartz stated that the price will return to $1 once supply balances.

RLUSD will launch on the XRP Ledger on Tuesday. The first listings will be on Uphold, MoonPay, Archax, and CoinMENA. 💡 Share your thoughts in the comments!