RippleUSD
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Ripple CTO Hints RippleUSD Stablecoin May Only Be for Institutions
Big news in the Ripple world. Ripple’s Chief Technology Officer, David Schwartz, has hinted that the highly anticipated RippleUSD (RLUSD) stablecoin may only be accessible to major financial institutions. While XRP is trading at $0.5309, all eyes are on the upcoming launch of RLUSD, which is currently in private beta and could be released in just a few weeks.
The stablecoin, designed to be fully backed by US dollars and liquid assets like US Treasury bonds, is still awaiting regulatory approval. Some XRP community members have raised concerns about potential misuse, but Schwartz reassured that RippleUSD would "probably" be restricted to institutions only, keeping it safer and less prone to manipulation.
Ripple Labs CEO, Brad Garlinghouse, confirmed during Korea Blockchain Week that RLUSD is almost ready, with the launch expected within weeks. This could be a game-changer for institutional adoption.
Stay tuned for more updates on this exciting development.
#XRP #Ripple #RippleUSD #CryptoNews #Binance
$BTC
Big news in the Ripple world. Ripple’s Chief Technology Officer, David Schwartz, has hinted that the highly anticipated RippleUSD (RLUSD) stablecoin may only be accessible to major financial institutions. While XRP is trading at $0.5309, all eyes are on the upcoming launch of RLUSD, which is currently in private beta and could be released in just a few weeks.
The stablecoin, designed to be fully backed by US dollars and liquid assets like US Treasury bonds, is still awaiting regulatory approval. Some XRP community members have raised concerns about potential misuse, but Schwartz reassured that RippleUSD would "probably" be restricted to institutions only, keeping it safer and less prone to manipulation.
Ripple Labs CEO, Brad Garlinghouse, confirmed during Korea Blockchain Week that RLUSD is almost ready, with the launch expected within weeks. This could be a game-changer for institutional adoption.
Stay tuned for more updates on this exciting development.
#XRP #Ripple #RippleUSD #CryptoNews #Binance
$BTC
#Ripple 's got a new toy! 🎲
They're testing out their own stablecoin, Ripple USD ("RLUSD"), on the $XRP Ledger. 🤖🔥 Think of it as a digital dollar that's trying to make waves in the crypto world. 🌊
We'll keep an eye on this one! 👀
DYOR! #RippleUSD #Stablecoins #XRPVictory #Altcoins
They're testing out their own stablecoin, Ripple USD ("RLUSD"), on the $XRP Ledger. 🤖🔥 Think of it as a digital dollar that's trying to make waves in the crypto world. 🌊
We'll keep an eye on this one! 👀
DYOR! #RippleUSD #Stablecoins #XRPVictory #Altcoins
