Ripple (XRP) is preparing to launch a new stablecoin called RLUSD, which is designed to be a stablecoin backed by the US dollar at a ratio of 1:1. The main goal of this currency is to provide a stable and secure means of payment for institutions to facilitate international transfers with high efficiency and low costs.

RLUSD launch date

• It was announced that the currency will be officially available for trading and testing starting in December 2024.

Stability of the currency

• RLUSD is characterized by its stable price at 1 US dollar, as it is fully backed by cash reserves or equivalent assets.

Its main goal is not speculation or making profits, but rather providing stability in the digital market to enhance global payments, especially for large companies and financial institutions.

Its importance for Ripple

• This step is part of Ripple's strategy to expand its ecosystem and increase the use of the XRP Ledger network, which may positively affect the XRP currency.

For more details, you can follow the news on official websites such as Ripple or Bybit Learn【135】【136】.