Ripple is making a splash! 🎉 Stablecoin RLUSD is set to launch today. After much speculation and attempted scams, CryptoQuant data shows that the newly minted tokens reached almost $66 million.

Interestingly, the majority of RLUSD is on the Ethereum network – $52.9 million, while only $13.3 million is on Ripple’s XRPL. Even though the stablecoin has not officially launched yet!

After getting the green light from NYDFS, Ripple announced that RLUSD will go live tomorrow. Its advisory team is also getting cooler with the presence of Raghuram Rajan and Kenneth Montgomery.

RLUSD is being touted as the “future of finance,” fully backed by US dollar deposits, government bonds, and monthly third-party audits. It is perfect for cross-border payments and DeFi integrations.

What do you think? Let’s discuss in the comments section!