Ripple Labs has launched RLUSD, a new stablecoin pegged to the US dollar, aiming to enhance global transactions and trading. Approved by the New York Department of Financial Services, RLUSD is available on the XRP Ledger and Ethereum blockchains. Initially launched on five exchanges, it plans to expand to major platforms like Bitstamp and Mercado Bitcoin. RLUSD is fully backed by cash or equivalents, ensuring a stable 1:1 value with the dollar. While not replacing XRP, it complements Ripple's payment solutions, promising efficient cross-border transactions for enterprises. Ripple projects a $2 trillion market cap by 2028.