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1 Comment
tldr; Ripple is set to launch its US dollar-pegged stablecoin, Ripple USD (RLUSD), soon, as announced by CEO Brad Garlinghouse at Korea Blockchain Week. Currently in closed beta, RLUSD aims to bridge traditional finance with decentralized finance (DeFi) and improve payment infrastructure within the Ripple network. Fully backed by USD and short-term US government bonds, it seeks to compete with leading stablecoins like USDT and USDC. Despite regulatory challenges from the SEC, Garlinghouse remains optimistic about crypto’s future.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.