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Ripple has selected the ticker RLUSD for its upcoming stablecoin, filing for registration on May 7.
Ripple's intentions to launch a stablecoin were revealed in April. The developers have stated that it will be fully backed by dollar deposits, short-term bonds, and other cash equivalents.
The stablecoin will initially be deployed on the XRP Ledger and Ethereum blockchains, with a launch planned for the end of the year. $XRP
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