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

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, is an effort to advance Ripple’s goal of becoming the go-to network for international payments.

On Dec. 17, Ripple announced that the trading of its new dollar-backed stablecoin, Ripple USD (RLUSD), had gone live on multiple exchanges around the world: The stablecoin launched on both the XRP Ledger and Ethereum blockchain, ensuring broad accessibility and interoperability.

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.