Ripple Initiates RLUSD Stablecoin Testing on Ethereum and XRP Ledger

Ripple Initiates RLUSD Stablecoin Testing on Ethereum and XRP Ledger

Ripple, the issuer of XRP, is accelerating its entry into the stablecoin market, following CEO Brad Garlinghouse's remarks at Consensus 2024. The company has commenced private beta testing of its fiat-pegged token, Ripple USD (RLUSD), on both the XRP Ledger and Ethereum, the second-largest blockchain by market capitalization. The stablecoin market, currently led by Tether (USDT), is valued at approximately $160 billion. However, Garlinghouse ...

Ripple Initiates RLUSD Stablecoin Testing on Ethereum and XRP Ledger Coinatory

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