Ripple
December 14, 2024
Ripple Unicorn News - December 14, 2024
Ripple Labs is in the final testing stages of its regulated stablecoin, RLUSD, after minting 13.9 million tokens. Approved by the New York Department of Financial Services, RLUSD is fully backed by U.S. Treasuries. The stablecoin's launch could impact XRP's market dynamics and drive further integration with DeFi platforms.
() Introduction
() Ripple’s New Stablecoin (RLUSD) Enters Final Testing
Ripple Labs is nearing the launch of its regulated stablecoin, RLUSD, after successfully minting 13.9 million tokens. Approved by the New York Department of Financial Services, RLUSD stands out as a fully collateralized stablecoin backed by U.S. Treasuries, ensuring high transparency and stability. Its introduction could significantly influence XRP's market dynamics, enhancing liquidity and utility while driving deeper integration with DeFi platforms. This move positions Ripple to compete directly with leading stablecoins, potentially attracting more institutional and retail adoption within the crypto ecosystem.
Sources
1 https://blockonomi.com/from-xrp-to-rlusd-ripples-new-stablecoin-rlusd-enters-final-testing/
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