Ripple is launching a new stablecoin RLUSD, which could strengthen its position in the international payments sector. The idea of launching the first ETF based on XRP is also actively discussed, attracting the attention of major investors. With such moves, Ripple is becoming one of the main players in the crypto industry, especially in countries where improvements in cross-border transfers are needed…
So, the new standard for stablecoins focuses on transparency and global payments.. what is known🫤
RLUSD is a new stablecoin issued by Ripple Labs, officially launched on December 4, 2024. Its value is pegged to the US dollar and it is designed with a focus on high transparency and reliability. RLUSD is backed by reserves of cash and short-term assets, making it an alternative to popular stablecoins like Tether (USDT) and USD Coin (USDC).
The main focus of the project is on institutional clients and use in cross-border payments. RLUSD is integrated into the XRP Ledger and will also be supported by major platforms such as Uphold and Bitstamp. Ripple plans regular audits to enhance trust and compliance with regulatory requirements…
The project is considered promising, given Ripple's resilience in the market and the growing demand for transparent and regulated stablecoins. RLUSD could play a key role in enhancing payment infrastructure and expanding the use of blockchain.
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