All about new stablecoin from Ripple: RLUSD - Now live!!
All about new stablecoin from Ripple: RLUSD RLUSD is now live, let's see how high can XRP go with this new tool in. RLUSD is now live ripple.com - solutions Why is it so cool to have another stablecoin with US regulatory avalization!! 1. RLUSD received NYDFS approval , making it one of few regulated US stablecoins, fully backed by US Treasuries 2. DeFi integration potential through liquidity pools and AMM features could drive further adoption 3. The American blockchain payments company completed several test mints on both the XRP Ledger and Ethereum Network , marking the final phases of preparation for the stablecoin’s official release. 4. US banks can hold #RLUSD on the XRPL/ETH ledger , and why USDC and USDT cannot. 5. XRP will be more usable and sure for international currency trading and buy/sell. 6. The stablecoin’s backing structure relies entirely on onshore U.S. assets, specifically U.S. Treasuries held in regulated custody. This arrangement ensures c...
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