TL;DR
Ripple is launching a new stablecoin, with private beta testing currently underway. The latest update comes in the form of a burning development.
The stablecoin cohort is growing, with a market cap of over $171 billion, led by USDT and USDC.
What’s New Around RLUSD?
Ripple made the headlines in April this year when it revealed it would introduce a stablecoin pegged to the American dollar. The team said it would be called Ripple USD (RLUSD) and will be available on the XRP Ledger (XRPL) and Ethereum. Its official launch is scheduled for later this year, though the exact date remains unclear.
Ripple started private beta testing for its upcoming product earlier this summer, labeling the initiative as a “significant milestone” that could drive “new opportunities, liquidity, and institutional use cases for users, developers, and applications.” Last week, the team minted the first 185 RLUSD as the transaction fee was 0.000135 XRP.
According to on-chain data from XRP Scan, R
We współpracy z: https://cryptopotato.com/important-ripple-xrp-update-august-29-details/
