Ripple’s USD-pegged stablecoin debuts on Dec. 17, backed by robust reserves and targeting worldwide adoption.
Ripple Rolls Out RLUSD Stablecoin
Ripple is set to launch its USD-pegged stablecoin, RLUSD, on Dec. 17 across five platforms, including Uphold and Bitso. The stablecoin will run on both the XRP Ledger and Ethereum networks.
The wait is over: RLUSD launches globally tomorrow! ripple.com/ripple-press/r…
Fully Backed and Audited
Each RLUSD token is backed by US dollar deposits, government bonds, and cash equivalents. Ripple plans to provide monthly third-party attestations of its reserves, ensuring transparency and trust.
Strategic Expansion in the Works
The company aims to expand RLUSD availability to platforms like Bullish and Bitstamp in the coming weeks. The stablecoin will initially target markets in the Americas, Asia-Pacific, the UK, and the Middle East, but may face challenges in the EU due to MiCA regulations.
Broad Use Cases for RLUSD
Ripple envisions RLUSD powering cross-border payments, liquidity management, tokenized asset trading, and integration with DeFi protocols. Early next year, RLUSD will also integrate into Ripple Payments, its enterprise payment platform.
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