Ripple’s Stablecoin RLUSD Goes Live on Global Exchanges: A New Era for Blockchain Efficiency
Ripple has officially launched its USD-backed stablecoin, RLUSD, on global exchanges. Combining fiat stability with the efficiency of blockchain technology, RLUSD operates seamlessly on two major networks: Ethereum and Ripple’s native XRP Ledger (XRPL).
Initially, the price of RLUSD experienced fluctuations within a 20% range, but it remains pegged to the U.S. dollar at a 1:1 ratio, ensuring long-term price stability.
Ripple’s CTO, David Schwartz, previously addressed concerns about initial supply shortages, which could temporarily impact price stability. However, he reassured that as supply normalizes, the price will stabilize close to $1.
“Since the idea of RLUSD many months ago to its launch today, I’ve been excited to see new use cases realized on the XRPL and increased on-chain liquidity with a trusted stablecoin like RLUSD. This launch opens countless opportunities for developers and users looking to benefit from RLUSD, XRPL, and XRP,” Schwartz stated.
Where RLUSD is Available
The stablecoin is currently live on platforms like Uphold, Bitso, and CoinMana, with more exchanges expected to integrate it by the end of the year. RLUSD’s compliance framework, backed by U.S. dollar deposits, government bonds, and cash equivalents, ensures transparency and trust—features that have been missing in many existing stablecoins.
Ripple shared the official launch on their Twitter account, highlighting RLUSD’s benefits:
- Instant global payments
- 24/7 seamless on/off ramps
- Real-world asset accessibility
Bridging Fiat and Crypto
RLUSD is designed to bridge the gap between traditional fiat systems and the crypto world. With features like instant cross-border payments, enhanced liquidity for remittance, and DeFi integration, RLUSD brings unprecedented opportunities to the XRP ecosystem and the broader blockchain space.
Ripple’s years of experience in the financial sector and focus on regulatory compliance position RLUSD as a major contender in the stablecoin market. Experts believe RLUSD could challenge dominant players like Tether (USDT) and USDC, as its robust compliance, transparency, and scalability set a new standard.
With major exchanges and partners adopting RLUSD, Ripple is not only strengthening its presence but also driving innovation across the global payments industry. This marks a pivotal milestone for Ripple, XRP, and the crypto ecosystem at large.
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This is no financial advice. Includes third party opinion.