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Ripple Launches RLUSD, a Stablecoin Backed by U.S. Dollar Reserves

  • Ripple has launched RLUSD, a USD-denominated stablecoin backed by U.S. dollar reserves.
  • RLUSD will be available on several global exchanges, with plans to expand to additional platforms.
  • The stablecoin is collateralized by U.S. dollar deposits, government securities, and cash-like instruments.
  • Ripple aims to utilize RLUSD for cross-border payments, decentralized finance, and as security for trading tokenized assets.

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