coinpedia
2024-12-16 16:19:23

Big Breaking: Ripple’s RLUSD Stablecoin Set to Launch Tomorrow

The post Big Breaking: Ripple’s RLUSD Stablecoin Set to Launch Tomorrow appeared first on Coinpedia Fintech News Ripple’s new stablecoin, RLUSD, will be available for trading starting Tuesday (December 17), following approval from the New York State Department of Financial Services (NYDFS) earlier this month. This launch marks Ripple’s entry into the highly competitive $203 billion stablecoin market. The U.S. dollar-backed stablecoin will be issued on both the Ethereum blockchain and the XRP Ledger. Initially, it will be listed on select global exchanges, with plans for further expansion. However, RLUSD will not be available on Coinbase at launch. Ripple made the announcement on Monday. Ripple also revealed key appointments to its RLUSD advisory board, including a former governor of the Reserve Bank of India Raghuram Rajan is all set to join the RLUSD advisory board.. Ripple Payments has processed $70 billion across 90 markets worldwide. “Part of the impetus for us wanting to launch a stablecoin is the growth we’ve seen specifically in cross border payments. As we’ve been using stablecoins more and more in our flows, that really piqued our interest that we should have our own native stablecoin that can be more cost effective and more operationally efficient to use,” Jack McDonald, Ripple’s senior vice president of stablecoins, told CNBC. RLUSD For Business: RLUSD also aims to revolutionize business payments by providing a compliant, efficient stablecoin solution. It enables payment service providers to access new markets, offers remittance and money transfer providers seamless cross-border settlements with easy fiat and crypto on/off ramps, and helps centralized exchanges boost trading volume with a trusted, transparent stablecoin. Through RLUSD, Ripple plans to streamline global transactions, driving growth across multiple XRP Price Reacts: At the time of writing, XRP is trading at $2.46 and is up by more than two percent in the last 24 hours. The price is now aiming to capture the crucial $2.50 level. However, the price could surge after tomorrow’s launch and make history.

Crypto Haber Bülteni Al
Feragatnameyi okuyun : Burada sunulan tüm içerikler web sitemiz, köprülü siteler, ilgili uygulamalar, forumlar, bloglar, sosyal medya hesapları ve diğer platformlar (“Site”), sadece üçüncü taraf kaynaklardan temin edilen genel bilgileriniz içindir. İçeriğimizle ilgili olarak, doğruluk ve güncellenmişlik dahil ancak bunlarla sınırlı olmamak üzere, hiçbir şekilde hiçbir garanti vermemekteyiz. Sağladığımız içeriğin hiçbir kısmı, herhangi bir amaç için özel bir güvene yönelik mali tavsiye, hukuki danışmanlık veya başka herhangi bir tavsiye formunu oluşturmaz. İçeriğimize herhangi bir kullanım veya güven, yalnızca kendi risk ve takdir yetkinizdedir. İçeriğinizi incelemeden önce kendi araştırmanızı yürütmeli, incelemeli, analiz etmeli ve doğrulamalısınız. Ticaret büyük kayıplara yol açabilecek yüksek riskli bir faaliyettir, bu nedenle herhangi bir karar vermeden önce mali danışmanınıza danışın. Sitemizde hiçbir içerik bir teklif veya teklif anlamına gelmez