Ripple has taken over the crypto community with reports circulating about the imminent launch of its new stablecoin, RLUSD. According to sources from BSCN Insider on Telegram and Cointelegraph, the launch is expected to happen today. However, there has been no official confirmation from Ripple at this time, leaving the crypto community anticipated.
No Official Word Yet, But Hype Builds
Despite the buzz, Ripple has not made any public announcements regarding the stablecoin RLUSD launch. The lack of confirmation has not stopped the rumor mill, as major crypto media houses suggest that the launch could significantly impact the market price of Ripple’s native cryptocurrency, XRP.
Market Analysts Believe RLUSD could position Ripple as on of the strong contenders in the crypto ecosystem that provides stability in transactions and boosts liquidity. If the rumors are true, this will also position Ripple as a key player in the stablecoin market and enhance its utility in cross-border payment.
XRP Price Could See Fluctuations
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With speculations mounting, XRP traders are anticipating potential price swings. At press time, the XRP price stands at $2.56, with a dip of 2.8% in the last 24 hours. From historic data, such major announcements, or even rumors, of new product launches have caused XRP prices to rally.
Some experts predict that a similar scenario can be expected today and there are high chances that XRP might cross the $3 mark after the official announcement is made.
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