TL;DR
Ripple plans to introduce a stablecoin on the XRP Ledger and Ethereum later this year, aiming to bridge traditional finance and the cryptocurrency sector.
The United States Securities and Exchange Commission (SEC) has labeled the product an “unregistered crypto asset,” continuing its longstanding legal battle with the company.
Here’s the Latest Info
Ripple made the headlines earlier this year when it disclosed that it would launch a stablecoin pegged to the American dollar. CEO Brad Garlinghouse claimed the monetary product could serve as a bridge between traditional finance and the cryptocurrency sector.
In a recent post on X, the team revealed further details, informing that the stablecoin will be called Ripple USD (ticker RLUSD). It will be available on the XRP Ledger and Ethereum and will see the light of day later this year.
Some crypto enthusiasts, including X user Alex Cobb, have previously suggested that the upcoming product could become an essential factor trigger
We współpracy z: https://cryptopotato.com/important-update-regarding-ripples-stablecoin-details/
