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Ripple’s dollar-backed stablecoin, known as RLUSD, launched today on several global crypto exchanges. RLUSD is now XRP ledger, a blockchain created by Ripple Labs alongside its native token, XRP.
Ripple's RLUSD stablecoin will launch on Dec. 17, 2024. ... Stablecoins are a type of cryptocurrency designed to maintain a constant value pegged to the price of a fiat-currency. RLUSD is backed 1 ...
The stablecoin market is worth over $200 billion and is expected to grow to $2.8 trillion by 2028, according to Bernstein Research. Because stablecoins offer low volatility and fast settlement ...
Ripple also just recently rolled out a U.S. dollar stablecoin, called RLUSD. Stablecoins are digital assets pegged to a currency or commodity to take advantage of the characteristics of a digital ...
USD Coin (USDC) is a cryptocurrency stablecoin pegged to the United States dollar. With $41 billion in assets under management, [ 1 ] USDC is issued by Circle and is distinct from a central bank digital currency (CBDC).
The XRP price surge also comes as investors bet on the future of Ripple products. Fox Business reported that the company’s long-awaited stablecoin, RLUSD , is poised for regulatory approval in ...
XRP price data by YCharts.. RLUSD can be used on Ethereum's blockchain or the XRP ledger. Because it will create more traffic on the XRP ledger, investors also purchased XRP tokens earlier this ...
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