Ripple is launching its new stablecoin, Ripple USD (RLUSD), today, December 4, 2024, after gaining approval from the New York Department of Financial Services (NYDFS). RLUSD is designed as an overcollateralized, dollar-pegged stablecoin, intended to offer a more stable alternative to the volatile XRP. This launch represents a significant milestone for Ripple as it broadens its ecosystem and diversifies its offerings beyond XRP.

The launch of RLUSD coincides with significant positive momentum for XRP, which has seen a dramatic price increase recently, reaching $2.74—a level last seen in 2018. This surge has been fueled by growing network activity, investor confidence, and Ripple’s broader ecosystem developments.

If you’re looking for further updates on RLUSD or XRP, feel free to ask!