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Ripple to Launch USD-Pegged Stablecoin RLUSD on December 17

Mary Liu

Summary: Ripple, a major player in the blockchain industry, is set to launch a new US dollar-backed stablecoin called RLUSD on December 17th. This digital currency will be listed on several popular exchanges and will be backed by actual US dollars. To ensure transparency, Ripple will publish monthly reports verifying the amount of US dollars held ...

Ripple, a major player in the blockchain industry, is set to launch a new US dollar-backed stablecoin called RLUSD on December 17th. This digital currency will be listed on several popular exchanges and will be backed by actual US dollars.

To ensure transparency, Ripple will publish monthly reports verifying the amount of US dollars held to support RLUSD. This move aims to build trust among investors and promote wider adoption of the stablecoin.

Additionally, Ripple plans to use RLUSD for global payments, enabling faster and more efficient transactions for businesses around the world.

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