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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...

In a recent interview, Ripple CEO Brad Garlinghouse has assured that its stablecoin launch is “very close.” The highly anticipated RLUSD stablecoin has always been poised to launch in 2024. Now, Garlinghouse has said that that very launch date is a mere weeks away. The year has been an up-and-down one for the company. Although its years-long legal battle with the US Securities and Exchange Commission (SEC) has come to an end, its XRP native token has struggled throughout August. There are hopes that the incoming stablecoin could revitalize sentiment around the ecosystem. Also Read: Ripple Says 2025 is a Breakthrough Year: What it Means for XRP Ripple CEO Says Stablecoin Launch is “Weeks” Away Heading into 2024, Ripple was on a short list of cryptos with immense potential. That has not been the case at the year’s midpoint, but things are certainly looking like they are poised to turn around. A big part of that may be interest derived from one of the year...