Ripple CEO Brad Garlinghouse @bgarlinghouse is currently testifying before the U.S. Senate Banking Committee, advocating for clear cryptocurrency regulations, a robust market framework, and U.S. leadership in blockchain innovation.
Ripple’s RLUSD is here!
⚡ 1:1 USD-backed stablecoin
⚡ Instant global settlements
⚡ Multi-chain: XRPL & Ethereum
⚡ Boosts XRP & bridges TradFi + DeFi
Learn how RLUSD is reshaping payments & crypto!
💸 #Ripple#RLUSD#XRP
RIPPLE'S RLUSD GETS APPROVAL FOR LAUNCH
What you need to know about the next big stablecoin...
- @Ripple’s highly anticipated USD-pegged stablecoin, $RLUSD, is set to launch following approval from the New York Department of Financial Services. Ripple warns against fake RLUSD tokens—official announcements will confirm availability.
- RLUSD is a 1:1 US dollar-backed stablecoin, fully collateralized by USD deposits, short-term Treasuries, and cash equivalents. It has been in beta testing since August on Ripple’s XRPL and Ethereum networks, with plans for expansion to additional blockchains and DeFi protocols.
- Ripple envisions RLUSD as complementary to XRP, integrating both in cross-border payment solutions. The pairing aims to stabilize RLUSD’s price while leveraging XRP’s liquidity on exchanges. Ripple president Monica Long highlighted RLUSD’s design to enhance XRP’s ecosystem.
- Ripple CEO Brad Garlinghouse emphasized RLUSD’s alignment with large institutional players, prioritizing compliance. Ripple aims to carve out a niche in the stablecoin market, leveraging its established financial partnerships.
- Some users report setting up RLUSD Trustlines on Xaman Wallet, though official issuance remains pending. Ripple is positioning RLUSD as a pivotal tool in reshaping global payments with a stable and scalable solution.
🚨 BREAKING NEWS:
RIPPLE CEO BRAD GARLINGHOUSE CONFIRMED THAT ‚RLUSD‘ GOT THE FINAL APPROVAL FROM THE NYDFS! 🙌🏼
‚RLUSD‘ STABLECOIN WILL BE LIVE VERY SOON! ⏰
#XRP TO THE MOON AND BEYOND! 📈
Despite some speculation, $RLUSD isn’t launching today. We’re in lockstep with the NYDFS on final approval and will share updates as soon as possible.
We are fully committed to launching under the supervision of NYDFS and upholding the highest regulatory standards. Stay tuned for updates!