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Ripple has unveiled a new stablecoin named Ripple USD (RLUSD) at the XRP Ledger Community Summit during #XRPLApex 2024. The stablecoin, which is backed 1:1 by USD, aims to offer transparency and stability on both the XRP Ledger and Ethereum. Brad Garlinghouse, CEO of Ripple, introduced the stablecoin, emphasizing its reliability by referring to it as 'Real USD.' Emi Yoshikawa, Vice President for Strategic Initiatives at Ripple, also confirmed the ticker symbol $RLUSD. The stablecoin is expected to be launched later this year.
Ripple Releases Stablecoin Ripple introduces Ripple USD ($RLUSD), a 1:1 USD-backed stablecoin, offering transparency and stability on the XRP Ledger and Ethereum. https://t.co/IZIpWTt1n9
As revealed by Emi Yoshikawa, Vice President of Ripple for Strategic Initiatives, the proposed stablecoin will bear the ticker symbol $RLUSD
RIPPLE USD IS HERE! 🤯🤯🤯 $RLUSD $XRP Ledger Expanding! https://t.co/q1vcvH3B67
