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Ripple begins to test RLUSD While talking about stablecoins, the Ripple president described them as tokens on a blockchain that represent some kind of real-world currency, and there is a one-to-one peg between a stablecoin and the currency that backs it. In this part of the video, she referred to the U.S. dollar as a “very popular version of a stablecoin.”

Earlier this week, the beta testing of RLUSD was announced. As part of it, the stablecoin cannot be bought or sold yet. It will be tested by a selected group of Ripple’s corporate partners. When Ripple is granted final permission from regulators, it will launch its stablecoin not only on XRP Ledger and Ethereum but also on other blockchains.

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