Derived from U.Today, Ripple President Monica Long recently provided insights into the newly launched RLUSD stablecoin. The stablecoin, which went live on global exchanges on December 17, 2024, aims to set a new benchmark in the stablecoin market. Issued on both the XRP Ledger and Ethereum, RLUSD is designed with regulatory compliance as a key feature. It is one of the few stablecoins issued under a New York Trust Company Charter, ensuring strict oversight. The launch marks a significant milestone for Ripple and the XRP community, with RLUSD being an enterprise-grade, USD-denominated stablecoin. Statistics shared 24 hours post-launch indicate a positive start, with a total supply of 68,200,300 RLUSD and a reported $1,700,000 volume on the XRPL DEX. The stablecoin has 32,908 trustlines on XRPL and 5,875 holders on XRPL, along with 492 holders on Ethereum. Ripple has also formed an advisory board including notable figures such as former FDIC Chair Sheila Bair and former Reserve Bank of India Governor Raghuram Rajan.
Ripple's RLUSD Stablecoin Launches with $1.7M Volume on Dec 17, 2024
KuCoin NewsShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.