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Ripple Breaks Silence on RLUSD Stablecoin Launch: Details
After months of anticipation and rumors, Ripple has finally broken its silence regarding the launch of its new stablecoin, RLUSD. In a surprising move, the company has revealed that it will be partnering with Independent Reserve and Zero Hash to bring this innovative solution to market.
Ripple CEO Brad Garlinghouse took to social media to address the launch, stating: “I am thrilled to announce that Ripple Payments is going live with RLUSD early next year. We have been working tirelessly to ensure the stability and scalability of this new stablecoin, and we are excited to partner with Independent Reserve and Zero Hash to make it a reality.”
As part of its efforts to provide regulatory support for RLUSD’s growth and stability, Ripple has also appointed two high-profile experts to join the advisory board. Raghuram Rajan, former Governor of the Reserve Bank of India, and Kenneth Montgomery, former First Vice President and Chief Operating Officer of the Federal Reserve Bank of Boston, will be providing strategic guidance on regulatory, financial, and operational aspects.
The RLUSD stablecoin is poised to revolutionize global payments for Ripple’s enterprise customers. As the news breaks, this new partnership will enable Ripple Payments to serve over $70 billion in payment volume globally through its 90 payout marketplaces, covering more than 90% of the daily FX market.
Stay tuned as we continue to track the developments and implications of this groundbreaking launch.
Source: u.today
