Ripple’s New Stablecoin: A ‘Real USD’ for the Digital Age
- Ripple unveils RLUSD stablecoin for XRP Ledger and Ethereum.
- RLUSD aims to enhance stability and transparency in Ripple’s ecosystem.
- Ripple enters competitive stablecoin market despite legal hurdles.
Ripple, the blockchain payments company behind XRP, has announced the upcoming launch of its own stablecoin, dubbed RLUSD (Real USD). The announcement came during the XRP Ledger Apex summit, where Ripple CEO Brad Garlinghouse revealed the ticker symbol and quipped about the stablecoin’s name; “I like to call it Real USD… Ripple USD.”
‘The name of the @Ripple stablecoin, the $RLUSD, I like to call it Real USD… Ripple USD’ – Brad Garlinghouse (@bgarlinghouse) at #XRPLApex 2024
— XRP Ledger Apex (@xrplapex) June 12, 2024pic.twitter.com/cRVsgnQLXQ
While Ripple has not specified a launch date for RLUSD, the move aligns with the company’s broader expansion plans.
Following Garlinghouse’s statement, Ripple officially announced the launch of the platform’s 1:1 USD-backed stablecoin via an X post. As per the X post, RLUSD will offer “transparency and stability on the XRP Ledger and Ethereum.” Ripple added that the stablecoin would be launched …
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Ripple’s New Stablecoin: A ‘Real USD’ for the Digital Age
- Ripple unveils RLUSD stablecoin for XRP Ledger and Ethereum.
- RLUSD aims to enhance stability and transparency in Ripple’s ecosystem.
- Ripple enters competitive stablecoin market despite legal hurdles.
Ripple, the blockchain payments company behind XRP, has announced the upcoming launch of its own stablecoin, dubbed RLUSD (Real USD). The announcement came during the XRP Ledger Apex summit, where Ripple CEO Brad Garlinghouse revealed the ticker symbol and quipped about the stablecoin’s name; “I like to call it Real USD… Ripple USD.”
‘The name of the @Ripple stablecoin, the $RLUSD, I like to call it Real USD… Ripple USD’ – Brad Garlinghouse (@bgarlinghouse) at #XRPLApex 2024
— XRP Ledger Apex (@xrplapex) June 12, 2024
While Ripple has not specified a launch date for RLUSD, the move aligns with the company’s broader expansion plans.
Following Garlinghouse’s statement, Ripple officially announced the launch of the platform’s 1:1 USD-backed stablecoin via an X post. As per the X post, RLUSD will offer “transparency and stability on the XRP Ledger and Ethereum.” Ripple added that the stablecoin would be launched …
The post Ripple’s New Stablecoin: A ‘Real USD’ for the Digital Age appeared first on Coin Edition.
Read More