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Ripple’s RLUSD Stablecoin Goes Live on Global Crypto Exchanges
The long-anticipated stablecoin Ripple USD (RLUSD) is finally here and is now available on global cryptocurrency exchanges. However, Ripple clarified that the availability of the digital asset would vary by jurisdiction due to differing regulatory standards across various markets.
The stablecoin, officially launched on December 17, is designed to maintain a constant value of 1:1 against the US dollar. RLUSD debuted as an ERC-20 compatible token on the Ethereum blockchain and the XRP Ledger, enhancing its accessibility and interoperability.
Ripple’s Stablecoin Experiences Initial Price Drop
Ripple reported on December 16 that RLUSD has secured partnerships across the United States, Asia, the United Kingdom, and the Middle East. Prominent partners include Mercado Bitcoin (a Brazilian crypto exchange), MoonPay, Uphold, Bitso, Archax, and Bitstamp.
Despite its dollar peg, RLUSD experienced a 20% dro
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