Ripple has announced the launch of its RLUSD stablecoin for December 17, marking an expansion in its digital asset offerings. Following this announcement, XRP saw an 8% price hike, indicating positive market reactions.
The stablecoin will be audited monthly to ensure transparency. Available on platforms like Uphold and MoonPay, RLUSD is expected to be listed by major exchanges soon. Brad Garlinghouse, Ripple’s CEO, anticipates increased stablecoin adoption with clearer US regulations.
Ripple's strategic moves, including appointing notable banking veterans and securing NYDFS approval, align with its objective to enhance cross-border payment solutions. XRP’s ongoing price surge and rising trading volumes emphasize market confidence as the company gears up for more institutional engagement.
The crypto community is optimistic, partly due to SEC leadership changes and upcoming XRP ETF applications by major asset management firms. Ripple's innovative approach with RLUSD appears to be setting a strong growth trajectory.
