RIPPLE STABLE COIN LAUNCH

Ripple has officially launched its enterprise-grade stablecoin, Ripple USD (RLUSD), pegged 1:1 to the U.S. dollar. Each RLUSD token is fully backed by U.S. dollar deposits, U.S. government bonds, and cash equivalents, ensuring its stability, reliability, and liquidity.

RLUSD is now available on global exchanges, including Uphold, Bitso, MoonPay, Archax, and CoinMENA, with plans to expand to platforms such as Bullish, Bitstamp, Mercado Bitcoin, Independent Reserve, ... in the coming weeks.

To maintain transparency, Ripple will publish monthly, third-party attestations of RLUSD’s reserve assets, conducted by an independent auditing firm.

The launch of RLUSD positions Ripple as a competitor in the stablecoin market, challenging established players like Tether and PayPal.

This development has positively impacted XRP, Ripple's native cryptocurrency, which has seen significant gains recently.

For a more in-depth analysis of RLUSD's launch, you might find the following video informative: