Ripple Launches Beta Test for New Stablecoin RLUSD on Ethereum and XRP Ledger
Sunday, 11 August 2024, 03:44
Introduction to Ripple's RLUSD
In a recent announcement, Ripple has launched the beta testing of its new stablecoin, Ripple USD (RLUSD), designed to operate on both the Ethereum and XRP Ledger networks.
Significance of RLUSD
This initiative has captured the attention of the crypto community and is seen as a significant step towards preparing Ripple for broader market competition.
- Beta Testing: The beta phase aims to refine the functionality of RLUSD.
- Cross-Network Functionality: Operating across two major networks enhances its usability.
- Market Implications: This launch could influence the dynamics of the stablecoin market.
Conclusion
As Ripple USD (RLUSD) undergoes testing, investors should stay informed about its potential to shift the landscape of stablecoins, given Ripple's substantial market presence.
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