• Ripple CTO said that RLUSD will be issued on the ETH main chain and XRPL.
• The stablecoin industry is expected to rise from $150 billion to $2.9–$3 trillion by 2028.
• Ripple’s stablecoin is an attempt to capitalize on the rising demand.

American fintech firm Ripple recently confirmed plans to launch a new stablecoin, RLUSD, on both the XRP Ledger and the Ethereum main chain. The company cited the growing demand for stablecoins and its own expertise in cross-border payments as key drivers behind this move.

The firm’s CTO, David “JoelKatz” Schwartz confirmed the stablecoin being issued on the Ethereum main chain. 

He had previously mentioned the RLUSD token would be issued on both the XRP Ledger and Ethereum. However, an X platform user alluded that the executive had not clarified on whether the stablecoin would launch on the Ethereum main chain or the XRPL EVM sidechain.

Ripple CTO David “JoelKatz” Schwartz clarified in response that the stablecoin would indeed debut on both the XRP Ledger and the Ethereum main chain. The Ethereum main chain is known for its occasional congestion and high gas fees, but recent upgrades, such as the Merge, have allevia…

The post Ripple Confirms Ethereum Main Chain Launch for RLUSD Stablecoin appeared first on Coin Edition.

• Ripple CTO said that RLUSD will be issued on the ETH main chain and XRPL.
• The stablecoin industry is expected to rise from $150 billion to $2.9–$3 trillion by 2028.
• Ripple’s stablecoin is an attempt to capitalize on the rising demand.

American fintech firm Ripple recently confirmed plans to launch a new stablecoin, RLUSD, on both the XRP Ledger and the Ethereum main chain. The company cited the growing demand for stablecoins and its own expertise in cross-border payments as key drivers behind this move.

The firm’s CTO, David “JoelKatz” Schwartz confirmed the stablecoin being issued on the Ethereum main chain. 

He had previously mentioned the RLUSD token would be issued on both the XRP Ledger and Ethereum. However, an X platform user alluded that the executive had not clarified on whether the stablecoin would launch on the Ethereum main chain or the XRPL EVM sidechain.

Ripple CTO David “JoelKatz” Schwartz clarified in response that the stablecoin would indeed debut on both the XRP Ledger and the Ethereum main chain. The Ethereum main chain is known for its occasional congestion and high gas fees, but recent upgrades, such as the Merge, have allevia…

The post Ripple Confirms Ethereum Main Chain Launch for RLUSD Stablecoin appeared first on Coin Edition.