TL;DR
Ripple plans to release its stablecoin, Ripple USD (RLUSD), pegged to the US dollar, by the end of 2024, primarily for institutional use.
While beta testing has begun, the product is not yet publicly available. CTO David Schwartz dismissed concerns about potential misuse during early phases.
What’s New?
Ripple made waves earlier this earlier when announcing it will jump on the stablecoin bandwagon. So far, the team has revealed that the product will be called Ripple USD (RLUSD) and will be pegged to the American dollar. The company aims to launch it before the end of 2024 and it will be available on the XRP Ledger (XRPL) and Ethereum.
Most recently, David Schwartz (Ripple’s Chief Technology Officer) shed more light on the upcoming initiative. He said RLUSD “will probably” only be available directly to institutions. “Can you get USDC from Circle or USD from Tether, because I can’t,” the exec added.
Despite agreeing with that comment, one X user wondered how the stab
We współpracy z: https://cryptopotato.com/important-ripple-xrp-update-for-2024/
