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Ripple Mints 99% of RLUSD, Poised to Challenge USDC and USDT in $1T Stablecoin Market

  • Ripple has minted 99% of the total supply of its stablecoin RLUSD in preparation for its launch.
  • The launch of RLUSD poses a challenge to established stablecoins like USDC and USDT in the $1 trillion stablecoin market.
  • Ripple's ability to offer its rail (XRPL blockchain) and establish RLUSD for cross-border payments gives it an edge over competitors.
  • The XRPL community has approved two major amendments, 'fixEmptyDID' and 'fixPreviousTxnID', to expand the use cases of RLUSD.

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