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Ripple has commenced minting of its USD-pegged stablecoin on Ledger and mainnet

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Summary
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62% Informative

Stablecoin RLUSD is pegged 1:1 to the US dollar and backed by reserves.

Ripple has commenced minting of its USD-pegged RLUSD stablecoin on both the XRP Ledger and Ethereum mainnet.

The move is expected to have significant impact on XRP price and Ripple ’s market expansion.

The launch of a stablecoin brings significant liquidity to a blockchain network.

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VR Score

45

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38

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47

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formal

Language

English

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52

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short-lived

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