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Title: 13 Million RLUSD Ready to Hit Market After Ripple’s Fresh Minting: Details
Ripple has announced that it is preparing to release a whopping 13 million RLUSD, its newly minted stablecoin pegged to the U.S. dollar and backed by liquid assets such as USD reserves and short-term U.S. Treasuries. In an exciting development for the company and the cryptocurrency market at large, this significant influx of RLUSD is expected to have a substantial impact on the global financial landscape.
RLUSD aims to address the growing demand for stablecoins in international transactions, with Ripple positioning it as a key player in the rapidly expanding space. The introduction of RLUSD is likely to bolster Ripple’s presence in the market, particularly in the cross-border payment sphere where its expertise has already gained significant traction.
In the context of the rapidly expanding stablecoin market, which is forecasted to reach $2.8 trillion by 2028, this new product is seen as a strategic move for Ripple to solidify its position and capitalize on the growing demand.
Source: u.today
