Ripple has launched its new U.S. dollar-pegged stablecoin, RLUSD, across multiple platforms, including Uphold, Bitstamp, and Bullish, aiming to compete with dominant players like Tether and Circle.
RLUSD will operate on both the XRP Ledger and Ethereum, with each token backed by U.S. dollar deposits, government bonds, and cash equivalents. Ripple plans to ensure transparency through third-party audits. Will Ripple's stablecoin be able to challenge the market leaders in such a competitive space? Show Less
1
