Ripple has launched its new stablecoin, RLUSD, on major global exchanges such as Uphold, Bitso, MoonPay, Archax, and CoinMENA. Each RLUSD token is backed by USD deposits, US Treasuries, and cash equivalents, ensuring its stability. Ripple's CTO, David Schwartz, highlighted potential early supply shortages and warned of price volatility. The RLUSD stablecoin is primarily designed to facilitate institutional cross-border payments, remittances, and integration into DeFi systems, offering a new asset for these financial applications.
