Ripple has officially announced that its RLUSD stablecoin will be going live soon. The announcement was made by Monica Long, President of Ripple, through her social media account on Monday. She emphasized that the new stablecoin marks crucial progress for both the XRP Ledger and Ripple as a company.
Ripple currently manages over $70 billion in payments, and the launch of RLUSD is expected to enhance its operations. The stablecoin is a significant development for Ripple's infrastructure, offering a stable measure of value which could provide more security and confidence for users and investors in the network.
