🔎 EXPLAINED: Ripple Labs’ $RLUSD stablecoin — Everything you need to know

- RLUSD works similarly to other major US dollar-pegged stablecoins by allowing people and institutions to deposit capital assets, like US dollars, in order to mint each new coin. The asset can be transacted on the Ethereum and XRP Ledger blockchains.

- RLUSD will be incorporated into the Ripple Payment Network in 2025. Ripple Payment will use stablecoin for enterprise clients requiring global payments.

- It is expected to deliver efficiency and cheap cross-border transactions, especially for institutions.