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Ripple to Begin Global Rollout of RLUSD Stablecoin on Dec. 17
Ripple, a US-based technology company that develops the Ripple payment protocol and exchange network using XRP, the digital asset native to the XRP Ledger, has announced plans to begin a global rollout of its RLUSD stablecoin on December 17.
According to recent market trends, it seems that Bitcoin has finally recovered the $100k price level as expectations of a Federal Reserve rate cut rise. With expectations of a 25 basis points rate cut coming in at 98% after CPI numbers came as expected, this could be a major catalyst for the market’s upward momentum.
RLUSD is designed to provide an efficient and scalable solution for the financial industry, allowing users to settle transactions instantly without any intermediaries. The stablecoin, backed by the US dollar, will provide liquidity and security for the financial system while offering improved transaction times and lower costs.
This development comes at a time when the cryptocurrency market has been experiencing significant growth, with many experts anticipating further price increases. As Ripple continues to drive innovation in the cryptocurrency space, the RLUSD stablecoin rollout could have a profound impact on the global finance landscape.
We will continue to monitor this situation closely and provide updates as more information becomes available.
Source: cryptoslate.com
