Coin Edition -
- Ripple unveils RLUSD stablecoin for XRP Ledger and Ethereum.
- RLUSD aims to enhance stability and transparency in Ripple’s ecosystem.
- Ripple enters competitive stablecoin market despite legal hurdles.
Ripple, the blockchain payments company behind XRP, has announced the upcoming launch of its own stablecoin, dubbed RLUSD (Real USD). The announcement came during the XRP Ledger Apex summit, where Ripple CEO Brad Garlinghouse revealed the ticker symbol and quipped about the stablecoin’s name; “I like to call it Real USD… Ripple USD.”
‘The name of the @Ripple stablecoin, the $RLUSD, I like to call it Real USD… Ripple USD’ – Brad Garlinghouse (@bgarlinghouse) at #XRPLApex 2024 ⚡