Ripple: has launched the stablecoin RLUSD test on the XRP Ledger and Ethereum mainnet.
On August 10, Ripple announced on the X platform that the stablecoin Ripple USD (RLUSD) is now in beta testing on the XRP Ledger and Ethereum mainnet, but RLUSD has not yet received regulatory approval, so it cannot be purchased or traded, and the community needs to be wary of fraudsters claiming to own or distribute Ripple USD.
Ripple stated that RLUSD is valued at a 1:1 ratio with the US dollar (USD) and is 100% backed by US dollar deposits, short-term US government securities, and other cash equivalents, and these reserve assets will be audited by a third-party accounting firm, with Ripple publishing proof on a monthly basis.
