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Blockchain company Ripple is releasing its own long-awaited stablecoin tomorrow after receiving approval from the New York Department of Financial Services (NYDFS) last week. The coin, named RLUSD ...
(Reuters) - Crypto firm Ripple launched a stablecoin pegged to the U.S. dollar on Tuesday, looking to disrupt a market in which the top two incumbents account for nearly 90% of the value.
Ripple’s dollar-backed stablecoin, known as RLUSD, launched today on several global crypto exchanges. RLUSD is now available on Bitso, Uphold, CoinMENA, MoonPay, and Archax with other listings ...
The coin’s value rose from $1.98 to a high of $2.46, amid news that Ripple’s highly-anticipated stablecoin, which has been in development since April, is preparing to debut.
Ripple partners with banks and crypto exchanges all over the world to quickly and easily settle payments on a global scale. XRP acts as a “bridge currency” used to pay gas fees or transaction ...
The open-source project was originally called "Ripple", the unique consensus ledger was called the Ripple Consensus Ledger, the transaction protocol was called the Ripple Transaction Protocol or RTXP and the digital asset (known as "ripples") using XRP as the three-letter currency code to follow the naming convention of BTC for Bitcoin.
So, if Ripple’s coin can reach $1 billion, that’s an annual yield of over $42.8 million. “These coins are ludicrously profitable businesses,” Bromberg said. This story was originally ...
Today, XRP is trading at $1.70, making it the fifth largest cryptocurrency in the world with over a $99 billion market cap. By issuing a regulated stablecoin, Ripple will be able to offer a steady ...
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