Ripple (XRP) News: RLUSD Stablecoin Exclusive to Institutions
Sunday, 8 September 2024, 12:02
Ripple's RLUSD Stablecoin Will Be Institution-Only
Ripple (XRP) news indicates that the RLUSD stablecoin might initially be available exclusively to institutional investors. During a recent social media exchange, Ripple's CTO David Schwartz confirmed this sentiment, emphasizing the importance of compliance and risk management.
Insights from Ripple's CTO
- Ripple's RLUSD Stablecoin aims to reduce risks associated with retail access.
- David Schwartz indicated that similar to USDC and USDT, RLUSD may not be purchasable by individual investors directly.
- The decision is to mitigate potential misuse in activities like money laundering.
Future of Stablecoins
This approach reflects a broader trend in the stablecoin news landscape, where regulatory compliance is becoming increasingly crucial. As the XRP community watches closely, further updates on RLUSD will provide insights into its market entry.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.