At the XRPL Community Summit, Ripple’s CEO, Brad Garlinghouse, unveiled the new stablecoin RLUSD, marking a significant step forward for the Ripple network. This stablecoin enhances transaction stability within the fluctuating cryptocurrency market, pegged closely to the US dollar.

Ripple Unveils RLUSD to Stabilize Crypto Transactions

RLUSD emerges as a pivotal addition to Ripple’s suite of products, aimed at cementing its position in the dynamic crypto environment. This stablecoin caters to businesses and individuals seeking reliable digital currency transactions without the typical volatility of cryptocurrencies. Moreover, RLUSD’s integration into the Ripple network is anticipated to foster broader financial inclusivity and spur innovation. During the summit, Garlinghouse highlighted that the stablecoin will revolutionize cross-border payments by offering a cost-effective, seamless solution for remittances and international money transfers.

This is a developing story. 

The post Breaking: Ripple CEO Announces RLUSD Stablecoin for XRP Ecosystem appeared first on CoinGape.

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