#Ripple 's Stablecoin, RLUSD, Nearing Launch

Ripple CEO Brad Garlinghouse announced imminent launch of RLUSD.RLUSD will be fully backed by U.S. dollar assets.It will operate on #XRP Ledger and #Ethereum blockchain.Testing with enterprise partners has begun.Plans for RLUSD came after USDC lost its dollar peg in March 2023.RLUSD will be based on Ethereum's ERC-20 token standard.XRP Ledger will also gain Ethereum-compatible smart contracts.