Jun 26, 2024 · Ripple President Monica Long explains the dual role the forthcoming RLUSD stablecoin could play alongside XRP for developers and payment utilities. Long provided this insight during an interview on The Scoop podcast yesterday.

Dec 18, 2024 · Ripple’s launch of its stablecoin, RLUSD, marks a pivotal advancement for the XRP Ledger (XRPL) ecosystem. The stablecoin aims to drive innovation, expand use cases, and increase engagement within the XRPL ecosystem.

Ripple USD enables businesses to send funds worldwide, backed by stability, trust and compliance. Power peer-to-peer (P2P) or business payouts through RLUSD, with transactions that settle in seconds on XRP Ledger and Ethereum blockchains.

Dec 12, 2024 · XRP and RLUSD have a major functional connection in the payment system. Notably, RLUSD has a counterparty risk, while XRP does not, as it is decentralized. XRPL validator Vet recently shared crucial insights regarding the role of Ripple’s backed digital asset XRP and the RLUSD stablecoin.

Dec 16, 2024 · RLUSD creates a stable conduit for transactions, which could substantially boost liquidity in the XRP market. If institutions purchase large amounts of XRP with RLUSD, they could clear significant portions of exchange order books, thereby enhancing liquidity.

Jun 12, 2024 · RLUSD and XRP are designed to complement each other within Ripple's ecosystem. While RLUSD provides a stable medium of exchange, XRP offers liquidity and facilitates efficient cross-border transactions. The synergy between these two assets enhances Ripple's payment solutions, providing crypto users with versatile tools and experiences.

Jan 13, 2025 · Multi-Chain Issuance: RLUSD is issued as an ERC-20 token on the Ethereum blockchain in addition to the XRP Ledger (XRPL). Its utility across several platforms is expanded by this dual issuance, which improves its compatibility with other wallets, decentralised finance (DeFi) apps, and cryptocurrency exchanges.

Dec 19, 2024 · RLUSD and XRP differences are quite clear, and it has been confirmed that it is not a replacement for XRP, but it will complement Ripple’s cross-border payment solutions.

Dec 12, 2024 · RLUSD complements XRP by attracting users to the XRP Ledger for stable, digital dollar transactions. While RLUSD focuses on stability, XRP bridges currencies in cross-border payments, boosting its utility as more institutions adopt Ripple’s payment ecosystem.

Dec 21, 2024 · RLUSD easily integrates with popular decentralized finance (DeFi) platforms on XRP Ledger and Ethereum. It can be used for staking, lending, borrowing, or participating in liquidity pools. The stability of RLUSD minimizes risks, making it …