Ripple Begins Testing RLUSD Stablecoin on XRP Ledger and Ethereum Mainnet
Friday, 9 August 2024, 16:36
Overview of Ripple's RLUSD Testing
Ripple has started beta testing for its new stablecoin, Ripple USD (RLUSD), on two major platforms: the XRP Ledger and Ethereum mainnet. This initiative highlights Ripple's commitment to expanding its offerings in the growing stablecoin sector.
Details of the Beta Testing Phase
- Beta Testing Launch: The testing phase aims to gather user feedback and improve the product.
- Future Expansion Plans: Ripple has indicated plans for further expansion of RLUSD following the beta phase.
By integrating RLUSD into established networks like XRP and Ethereum, Ripple is poised to strengthen its position in the cryptocurrency market. This move could pave the way for enhanced financial transactions and decentralized applications through stablecoins.
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