Ripple Labs has introduced RLUSD, a new stablecoin designed to boost the trading volumes of XRP. This digital asset is creating a buzz for its potential impact on the trading environment.
David Schwartz, Ripple's Chief Technology Officer, explained that RLUSD aims to enhance the XRPL ecosystem. The release is part of a broader strategy to encourage the development of on-chain applications, which could pave the way for more robust usage of Ripple's blockchain offerings.
