RIPPLE and RLUSD STABLECOIN
#MarketRebound #elg #escoin #Xrp🔥🔥 #btc
Ripple has launched its new stablecoin, RLUSD, which is backed one-to-one by the US dollar. The asset aims to increase access to the decentralized finance (DeFi) ecosystem by operating on the XRP Ledger and Ethereum blockchains.
RLUSD has proven its regulatory compliance by receiving approval from the New York Department of Financial Services (NYDFS). Ripple CEO Brad Garlinghouse described the development as “a stablecoin launched under the highest regulatory standards in the world.”
Initially listed on exchanges such as Uphold, Bitso, MoonPay, Archax and CoinMENA, RLUSD plans to be available on more platforms in the future. It is also expected to be integrated into the Ripple Payments network in early 2025, providing speed and cost advantages in institutional payments.
Analysts say that RLUSD could put Ripple in a competitive position in the stablecoin market and challenge existing players like Tether.
As a result, the launch of RLUSD has the potential to increase Ripple’s influence in the DeFi space, providing broader financial services for users and institutions.
References:
1. Cointelegraph. “Ripple Labs’ RLUSD stablecoin: Everything you need to know.” 
2. Finance Magnates. “Ripple RLUSD Stablecoin Integrates with XRP Ledger and ETH Blockchains.”
3. FinTech Magazine. “Ripple Launches New USD Stablecoin Globally.” 
4. Barron’s. “XRP Price Soars After Ripple Launches New Stablecoin Token.”
