Ripple has unveiled a new stablecoin named Ripple USD (RLUSD) at the XRP Ledger Community Summit during #XRPLApex 2024. The stablecoin, which is backed 1:1 by USD, aims to offer transparency and stability on both the XRP Ledger and Ethereum. Brad Garlinghouse, CEO of Ripple, introduced the stablecoin, emphasizing its reliability by referring to it as 'Real USD.' Emi Yoshikawa, Vice President for Strategic Initiatives at Ripple, also confirmed the ticker symbol $RLUSD. The stablecoin is expected to be launched later this year.
Ripple Releases Stablecoin Ripple introduces Ripple USD ($RLUSD), a 1:1 USD-backed stablecoin, offering transparency and stability on the XRP Ledger and Ethereum. https://t.co/IZIpWTt1n9
As revealed by Emi Yoshikawa, Vice President of Ripple for Strategic Initiatives, the proposed stablecoin will bear the ticker symbol $RLUSD
RIPPLE USD IS HERE! 🤯🤯🤯 $RLUSD $XRP Ledger Expanding! https://t.co/q1vcvH3B67
Introducing Ripple USD (RLUSD): A 1:1 USD-backed stablecoin, offering transparency and stability on the XRP Ledger and Ethereum. Coming later this year. Sign up to receive the latest stablecoin news, content and availability: https://t.co/JaadD3JJ7t
.@Ripple CEO unveils name of upcoming stablecoin RLUSD https://t.co/YnuRGCgo4C
#Ripple CEO Unveils New Stablecoin Name $RLUSD at #XRP Ledger Community Summit #NewsBytes https://t.co/EMdur4WEsD
‘The name of the @Ripple stablecoin, the $RLUSD, I like to call it Real USD… Ripple USD’ - Brad Garlinghouse (@bgarlinghouse) at #XRPLApex 2024 ⚡💙 https://t.co/cRVsgnQLXQ