PiCK
Ripple (XRP) Officially Launches Stablecoin 'Ripple Dollar (RLUSD)'... Listed on Global Exchanges
Minseung Kang
- Ripple announced the official launch of Ripple Dollar (RLUSD), listing it on global exchanges.
- RLUSD is designed as a stablecoin based on the US dollar, combining the stability of fiat currency with blockchain efficiency.
- The price of XRP surged following this announcement, drawing significant attention in the virtual asset market.
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Image = Ripple
Ripple (XRP) has officially announced the launch of its own stablecoin, 'Ripple Dollar (RLUSD)'.
On the 17th, Ripple stated via X (formerly Twitter) that "Ripple Dollar has now started trading on global virtual asset (cryptocurrency) exchanges."
Ripple added, "RLUSD is an enterprise-grade stablecoin based on the US dollar, designed to combine the stability of fiat currency with the efficiency of blockchain."
The price of XRP is trading at $2.64, up 10.6% from the previous day, based on the Binance USDT market at 23:44 on the same day. Earlier, Ripple hit an intraday high of $2.7289 on news of the launch of its own stablecoin RLUSD.
Minseung Kang
minriver@bloomingbit.ioBloomingbit reporterPiCK News
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