Ripple’s Chief Technology Officer, David Schwartz, has confirmed that the much-anticipated stablecoin RLUSD will initially be exclusively available to institutions.
Exclusive Access for Institutions
Ripple's Chief Technology Officer, David Schwartz, stated that RLUSD, the stablecoin known as 'Real USD', will initially be available only to institutions. This statement comes ahead of regulatory approval and RLUSD's official launch.
RLUSD Security Guarantees
Schwartz also addressed concerns about market manipulation and money laundering, emphasizing RLUSD’s safeguards and drawing comparisons to other major stablecoins.
Current Situation with XRP
Despite expectations of the imminent RLUSD launch, Ripple’s XRP remains on a bearish track. In August 2024, Ripple commenced the initial testing phase of RLUSD, dubbed 'Real USD' by CEO Brad Garlinghouse.
In conclusion, RLUSD, Ripple’s stablecoin, will initially be available only to institutions with security measures in place to prevent market manipulation and money laundering. XRP continues on a bearish trend despite RLUSD launch anticipations.
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