<ul><li>On Dec. 10, 2024, the New York Department of Financial Services approved Ripple’s new stablecoin, RLUSD, on the XRP Ledger and Ethereum blockchains.</li><li>RLUSD officially launched on Dec. 17 and is now available on exchanges like Uphold, MoonPay, Archax, Bitso, CoinMENA, Bullish, and Independent Reserve.</li><li>RLUSD is pegged 1:1 to the US dollar and is backed by U.S. dollar reserves, government bonds, and cash equivalents.</li><li>Ripple's XRP has experienced a recent price recovery, with large investors accumulating tokens, potentially triggering a price rally. If the momentum continues, XRP may aim for $5.</li></ul>

XRP Eyes $5 Monster Move As Ripple’s Stablecoin Goes Live On Major Exchanges

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