TL;DR
Ripple cautioned users to beware of fake claims that its stablecoin is live.
The SEC labeled the product as an unregistered asset, adding to its ongoing legal disputes with the company.
XRP Army Beware
Earlier this year, Ripple announced it will launch a stablecoin pegged 1:1 to the American dollar. It will be called RLUSD and will be available on the XRP Ledger (XRPL) and Ethereum. According to CEO Brad Garlinghouse, the product could serve as a bridge between the cryptocurrency industry and traditional finance, while numerous analysts believe its eventual launch could positively impact XRP’s price.
Last week, Ripple’s team minted over 800,000 RLUSD on XRPL and Ethereum, representing 99% of the total supply. This caused speculation that the stablecoin is already live.
The company, though, assured it is still in the private beta testing phase. It also cautioned users to beware of dubious individuals who claim the opposite.
PSA: Ripple USD (RLUSD) is still in private beta,
We współpracy z: https://cryptopotato.com/ripple-issues-an-important-warning-for-its-upcoming-stablecoin-details/
