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Ripple USD Gains Early Customer Commitments Ahead Of Launch

  • Ripple USD (RLUSD) has secured early customer commitments before its launch, as revealed by Ripple President Monica Long.
  • Stablecoins are predicted to become a massive trend in the payments industry, with a projected market cap of over $3 trillion in the coming years.
  • Major payment players like Stripe are showing interest in adopting stablecoins for transactions, indicating market expansion rather than direct competition.
  • The launch of RLUSD is pending regulatory approval, with Ripple awaiting a trust application review by the New York Department of Financial Services.

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