Ripple explained that it is launching RLUSD to capture a portion of the stablecoin market, which is expanding at a rapid pace and is expected to reach a multi-trillion-dollar market by 2030. It is ...

Ripple’s RLUSD launch comes at a time when demand for stablecoins is increasing. According to Ripple, the whole stablecoin market could skyrocket to $2 trillion by 2028.

Investors will be able to trade Ripple's new stablecoin beginning Tuesday, the company has said, after the New York State Department of Financial Services gave its approval earlier this month.

Ripple, the leading provider of enterprise blockchain and crypto solutions, announced its plans to launch a stablecoin, pegged 1:1 to the US dollar (USD). Ri ...

That’s why later this year we’re launching a stablecoin pegged 1:1 to the USD on the XRP Ledger and Ethereum. – Ripple labs posted on X (Twitter), April 4, 2024.

Nelson steered the conversation toward Ripple's plans to i ntroduce a dollar-backed stablecoin, a move that sparks curiosity and debate about the potential for success in a saturated market.

Ripple’s stablecoin will initially be available on Ripple’s institution-focused XRP Ledger (XRPL) along with Ethereum (ETH) blockchain, and it will be based on Ethereum's ERC-20 token standard.

Ripple Labs, the primary developer of the XRP XRP 0.0% Ledger (XRPL) blockchain and its namesake token, is moving into the $150 billion stablecoin business after a year in which its $32 billion ...