Ripple USD (RLUSD) is designed to maintain a constant value of one US dollar. Natively issued on XRP Ledger and Ethereum blockchains, Ripple USD is fully backed by a segregated reserve of cash and cash equivalents and redeemable 1:1 for US dollars.

Aug 9, 2024 · Read the latest updates on Ripple USD (RLUSD) stablecoin, including beta testing on both XRP Ledger and Ethereum mainnets.

RLUSD, Ripple’s official USD-backed stablecoin, offers stability and liquidity for cross-border transactions on the XRP Ledger (XRPL). Fully backed by U.S. dollar reserves, RLUSD can be traded on XPMarket’s decentralized exchange (DEX), providing a …

Ripple USD uses the Issued Tokens functionality that is native to the XRP Ledger. On the XRP Ledger, a stablecoin is created by an issuer holding real-world assets as collateral, and creating equivalent tokens on the ledger. Users establish a trust line with the issuer to receive, hold, and transfer issued stablecoin.

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.

Dec 6, 2024 · RLUSD Won’t Replace XRP, It Will Enhance It. Vincent Van Code, a key figure in the XRP community, cleared up the confusion around Ripple’s RLUSD token. He confirmed that RLUSD will not replace XRP but will enhance the XRP Ledger.

Dec 16, 2024 · The Ripple USD (RLUSD) stablecoin, tied to the US dollar, is set to launch on the XRPL and Ethereum blockchains. RLUSD will be fully backed by cash reserves, redeemable 1:1 for US dollars, increasing its trustworthiness.

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.

Oct 10, 2024 · Ripple’s RLUSD stablecoin launch has sparked debate on XRP’s future. XRP supporters are worried RLUSD will reduce XRP’s cross-border role. Ripple’s CTO has assured XRP’s unique XRPL functions remain irreplaceable.

Dec 17, 2024 · Ripple, the renowned San Francisco crypto company, has officially launched its stablecoin, Ripple USD (RLUSD), creating a significant shift in the stablecoin market. The RLUSD will operate on two networks, Ethereum and Ripple’s native ledger, XRPL, allowing users to interact with RLUSD officially.