Ripple (XRP) to Launch RLUSD Stablecoin on December 17
Ripple Labs says it will launch its RLUSD stablecoin on December 17 on several crypto exchanges, according to a Monday announcement. The company is also adding two high-profile former central bankers to its stablecoin advisory board to help with the rollout process. JUST IN: Ripple to launch $RLUSD stablecoin on December 17. — Watcher.Guru (@WatcherGuru) December 16, 2024 Ripple Labs will enlist an independent auditing firm to create attestations of RLUSD reserve assets and then publish them monthly. The Ripple stablecoin has seen plenty of hype around it since Ripple’s unveiling announcement earlier this year. The platform’s native cryptocurrency, XRP, is also up following the release date news. Ripple aims to compete for a piece of the rapidly growing stablecoin market with the launch of RLUSD. Currently, that market is dominated by Tether’s $140 billion USDT and Circle’s $40 billion USDC tokens. However, the momentum around Ripple Labs this year has the potent...