Ripple CEO Brad Garlinghouse announced the high rating of the company’s new stablecoin, RLUSD, while also warning about fraudulent schemes targeting the XRP community.
RLUSD Receives A Rating from Bluechip
Garlinghouse shared on platform X that Ripple USD (RLUSD) has been recognized as the most trusted stablecoin in the market. This statement follows the passing of the Genius Act, which regulates the circulation and use of stablecoins in the U.S. RLUSD has now received an A rating from the Bluechip agency, highlighting its safety.
XRP Scam Warning from Ripple CEO
In another post, Garlinghouse warned the XRP community about the rise of scammers that become particularly active during market rallies. He noted that there are fraudulent activities on YouTube targeting XRP holders impersonating Ripple’s official account. Garlinghouse urged users to exercise caution and report scammers.
Latest Updates on RLUSD and Ripple
On July 23, Ripple released another batch of RLUSD after a four-day break, minting 25 million RLUSD. Previous mintings occurred on July 18 and 21, when 5 million RLUSD were released on each occasion. Garlinghouse emphasized the importance of responsibly addressing cryptocurrency fraud and encouraged vigilance among users.
In conclusion, Ripple continues to strengthen its position in the stablecoin market with the recognition of its product RLUSD, while managing public opinion and warnings about scams remain critical topics for the community.
