Ripple’s RLUSD: Institutions-Only at Launch, CTO Confirms
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- Ripple CTO David Schwartz asserts that RLUSD will be initially accessible only to institutions.
- Schwartz guarantees RLUSD will be less vulnerable to market manipulators and money launderers.
- Ripple’s XRP remains on a bearish track despite anticipations of the imminent RLUSD launch.
Ripple’s Chief Technology Officer, David Schwartz, has confirmed that the much-anticipated stablecoin RLUSD will initially be exclusively available to institutions. This news comes ahead of regulatory approval and the official launch of Ripple’s “Real USD.”
Schwartz also addressed concerns about market manipulation and money laundering, emphasizing RLUSD’s safeguards and drawing comparisons to other major stablecoins
Ripple’s RLUSD: The “Real USD”
Earlier in August 2024, Ripple had started the initial testing phase of RLUSD, dubbed the “Real USD” by CEO Brad Garlinghouse.
Read also: Ripple Burns All RLUSD Stablecoins Ahead of 2024 Launch, No Tokens in Circulation
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