Ripple's upcoming RLUSD stablecoin is generating significant interest, with bids reaching up to 836 XRP (approximately $2,068) on on-chain marketplaces ahead of its launch on the XRP Ledger. Despite being pegged to $1, speculators are eager to secure early access, leading to inflated bidding prices. Ripple's CTO, David Schwartz, noted that some bidders might be willing to pay high prices for the novelty of holding the first RLUSD tokens.
The stablecoin will officially go live on Tuesday, with listings on several exchanges, including Uphold and MoonPay. While initial trading may see price fluctuations due to limited liquidity, each RLUSD token will ultimately be redeemable