David Schwartz, Ripple's CTO, highlights how RLUSD stablecoin boosts XRP Ledger liquidity, enhancing cross-border payment

Ripple launched its native stablecoin RLUSD on the XRP Ledger and Ethereum network. Learn how the launch could impact XRP-USD's role in the Ripple ecosystem.

Ripple’s latest move with RLUSD has sent XRP prices soaring, capturing the market’s attention. Speculation grows as the hype shifts toward emerging tokens like DOGEN, with some predicting massive potential gains.

While RLUSD’s price will always be redeemable for $1, some onchain “collectors” are likely bidding to be the first to hold the much-awaited Ripple stablecoin.

USD-backed stablecoin fully collateralized by US dollar deposits, short-term US government treasuries and other cash equivalents. Introduced in June 2024, Ripple USD (RLUSD) began beta testing in early August.

Ripple launches RLUSD, a stablecoin backed by U.S. dollar reserves, for global financial use and seamless crypto transactions.

Ripple launches RLUSD stablecoin on Ethereum and XRP Ledger with 1:1 USD backing, now available on global exchanges with strategic partnerships across US, Asia, UK and Middle East markets.

Ripple is launching its RLUSD stablecoin on December 17, offering a compliant and transparent digital asset backed by U.S. dollar reserves.

Crypto users, specifically $XRP holders, are frustrated over reports that some investors – potentially newbies in crypto – are selling their $XRP tokens to acquire $RLUSD, a stablecoin that will retain its $1 value even if Bitcoin and other altcoins surge.

Ripple's CTO David Schwartz cautioned investors about potential volatility and a "supply shortage" following the launch of RLUSD.