Ripple will launch its US dollar-pegged stablecoin, Ripple USD (RLUSD), on Dec. 17 on the XRP Ledger and Ethereum.
RLUSD tokens will be fully backed by US dollar deposits, government bonds, and cash equivalents, and monthly third-party attestations of reserves will be provided by Ripple.
Initially, RLUSD will be available on Uphold, Bitso, MoonPay, Archax, and CoinMENA, with plans to expand to platforms like Bullish, Bitstamp, and Mercado Bitcoin.
Ripple aims to position RLUSD for widespread adoption through partnerships with global exchanges, market makers, and payment providers.