A few minutes ago, Ripple officially announced the launch of its most-awaited stablecoin, RLUSD, which is now available for trading on major exchanges. The announcement sparked euphoria in the community, helping XRP to break the crucial resistance level at $2.4. At the time of publication, XRP revolves around $2.61 with a 4.3% hike.
Ripple USD (RLUSD) is now live on global exchanges.
An enterprise-grade stablecoin built for everyone, $RLUSD combines fiat stability with blockchain efficiency:
➡️ Instant global payments, 24/7
➡️ Seamless on/off ramps
➡️ Access value in real-world assets.… pic.twitter.com/lJ43GdoDGR— Ripple (@Ripple) December 17, 2024
In the blog post, Ripple shared the list of crypto exchanges where RLUSD will launch soon, including Bitstamp, Coinmena, MoonPay, Uphold, and others.
RLUSD: Game-changing Stablecoin Launches
As per the official announcement, RLUSD is an enterprise-grade stablecoin aimed at providing seamless access to tokenized USD on-chain. Built natively on the XRP ledger and Ethereum blockchain, RLUSD ensures instant global payments and seamless on/off ramps, which enables smooth conversion between fiat and RLUSD.
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For business, the stablecoin offers industry-grade solutions to fulfill the needs of enterprises. This includes payment service providers, remittance and money transfers, and centralized exchanges.
Furthermore, RLUSD is not just an ordinary stablecoin. It is a tool for programmable finance. With features like multi-chain issuance, regulatory compliance, and near real-time settlement, the stablecoin opens doors to numerous opportunities. It includes merchant and vendor payouts, fiat-to-stablecoin transitions, and others.
However, RLUSD’s availability depends on jurisdictions. The stablecoin strives to revolutionize cross-border payments and tokenized asset transactions.
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Also Read: XRP Bullish Breakout Imminent: Analyst Predicts $4 Target
