Ripple Prepares RLUSD Stablecoin for Global Launch

user avatar

by Giorgi Kostiuk

2 years ago

Ripple's RLUSD stablecoin draws market attention through support from a leading crypto exchange and the company's ambitious plans.

Analysis of RLUSD Stablecoin

RLUSD stands out due to its dollar peg and being a product of a company known for battles with US regulators. Recently, the stablecoin received approval from the New York State Department of Financial Services and was launched on Ethereum and the XRP Ledger.

Current Status of RLUSD Listings

Bitstamp, one of the first exchanges to support Ripple, has already listed RLUSD. Jack McDonald from Ripple shows confidence in future listings on Coinbase and Binance.

Future Prospects for RLUSD on Exchanges

Despite McDonald's confidence, there are technical challenges for listings on other exchanges, including compatibility and demand, along with exclusive relationships like those between Binance and FDUSD. McDonald hopes exchanges will reconsider exclusive relationship policies. However, a public statement from Coinbase explains it has no exclusive relationship with USDC and supports other stablecoins such as PAX, GUSD, and USDT.

Ripple’s RLUSD is on a strategic path to expand its influence on leading exchanges like Coinbase and Binance. With regulatory approval and market presence, it embodies Ripple's vision for the future in a competitive environment.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Ethereum Staking Hits Record Levels Despite Price Drop

Ethereum's staking rate has surged to an all-time high of 36.3% of total supply, even as the price of ETH has fallen to around $2,000.

user avatarRajesh Kumar

Jane Street Boosts Bitcoin ETF Holdings Amid Market Changes

Jane Street has significantly increased its stake in major Bitcoin ETFs, particularly in Fidelity's Wise Origin Bitcoin Fund, reflecting strong client demand and trading activity in the Bitcoin market.

user avatarLucas Weissmann

Satoshi Nakamoto Statue Unveiled in Vienna

Bitcoin Austria has unveiled a statue of Satoshi Nakamoto in Viertel Zwei, a lakeside business quarter in Vienna. This statue is part of a global initiative to place 21 identical Satoshi statues in 21 countries.

user avatarFilippo Romano

Nvidia Appoints Colette Kress as Interim CEO and Harvey Jones as Board Chair

Nvidia appoints Colette Kress as interim CEO and Harvey Jones as board chair following Jensen Huang's resignation.

user avatarEmily Carter

Nvidia Board Evaluates Arm CEO Rene Haas as Successor to Jensen Huang

Nvidia's board is evaluating Arm CEO Rene Haas as a potential successor to Jensen Huang, who recently resigned.

user avatarTomas Novak

Unocoin Suspends Services Amid Investigation of Suspicious Transactions

Unocoin has suspended services to investigate unauthorized transactions linked to its BitGo wallet.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.