Amid Trump-Backed World Liberty's Endorsement Of Stablecoins Over Bitcoin, Ripple Introduces Dollar-Denominated Stablecoin RLUSD
Portfolio Pulse from Benzinga Neuro
Ripple has launched a new U.S. dollar-pegged stablecoin, RLUSD, aimed at enterprise applications. This comes as World Liberty, backed by Donald Trump, endorses stablecoins over Bitcoin. RLUSD is designed for cross-border payments and is supported by major exchanges and market makers. The stablecoin is issued under a New York Trust Company Charter, ensuring regulatory compliance.
October 15, 2024 | 1:30 pm
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Ripple has introduced RLUSD, a U.S. dollar-pegged stablecoin, enhancing its cross-border payment solutions. This launch follows a legal victory and aligns with a broader market trend towards stablecoins.
The introduction of RLUSD by Ripple is a significant development, enhancing its product offerings and potentially increasing demand for XRP. The legal clarity from a recent court case and the alignment with market trends towards stablecoins could positively impact XRP's market position.
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IMPORTANCE 85
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