Ripple is launching its USD-backed stablecoin called RLUSD on December 17, 2024. Initially, it will be available on platforms such as Uphold, MoonPay, CoinMENA, Bitso, and Archax, with future plans to list on more exchanges. RLUSD is securely backed by U.S. dollar deposits, U.S. government bonds, and cash equivalents. This setup offers transparency through monthly audits and reports, potentially boosting investor trust. As the stablecoin market is growing, industry leaders are making predictions about RLUSD's impact and price dynamics upon launch. Ripple's initiative demonstrates their strategic push into the stablecoin market, aligning with emerging trends in digital currency adoption.
