Ripple's Stablecoin Launch on XRP Ledger and Ethereum: What Investors Should Know
Wednesday, 4 September 2024, 08:12
Ripple's Stablecoin Development Timeline
Ripple executives, including Garlinghouse, have announced that the new RLUSD stablecoin could be issued in weeks, not months. This stablecoin aims to enhance liquidity and transaction efficiency within the crypto markets.
Backed by U.S. Dollar Assets
- RLUSD will be fully backed by U.S. dollar assets.
- Plans to conduct tests with enterprise partners to ensure operational success.
- It will operate on the XRP Ledger as well as the Ethereum blockchain.
Implications for the Crypto Market
The prompt issuance of Ripple's stablecoin represents a significant move in the cryptocurrency space. Investors should pay attention to the developments surrounding this launch.
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