Ripple's RLUSD Launch Faces Potential Delay Due to Technical Issues
Ripple's highly anticipated stablecoin, RLUSD, may not launch as scheduled today due to unforeseen technical challenges. While the New York Department of Financial Services (NYDFS) has granted final approval for RLUSD , Ripple's development team is addressing last-minute technical issues to ensure a seamless rollout.
Ripple's Chief Technology Officer, David Schwartz, has cautioned that initial supply shortages could lead to price volatility upon release. He advises against fear of missing out (FOMO) and urges potential investors to exercise patience, emphasizing that RLUSD is designed to maintain a 1:1 peg with the US dollar .
Despite these technical hurdles, Ripple remains committed to launching RLUSD by the end of the year . The company is taking necessary measures to address the issues promptly, aiming to provide users with a reliable and stable digital asset upon release.
Investors and users are advised to stay tuned for official updates from Ripple regarding the new launch date and to approach any pre-launch offers with caution to avoid potential market volatility.
Following this news $XRP holders are now on a great uncertainty. 'Cause experts are saying that it's price will drop soon.
