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Ripple’s RLUSD Records Major Changes in One Day: Details
In a significant move, Ripple Labs has announced the launch of its new stablecoin, RLUSD, which is expected to revolutionize the blockchain payments scene. According to an interview with Ripple’s CTO, Gamza Khanzadaev, this development marks the beginning of a new era for assets like XRP.
RLUSD, which stands for Real-Time Unified Settlements Dollar, will serve as a liquidity layer for XRP, allowing both assets to thrive on AMM protocols running on the XRP Ledger. This integration aims to set the stage for RLUSD to compete with dominant rivals such as Tether (USDT) and Circle (USDC).
As a result of this new development, Ripple hopes to dominate the blockchain payments scene. Both XRP and RLUSD will work in tandem, setting the pace for further growth.
In related news, the CTO has stated that RLUSD may cost more than $1 due to its innovative features and the competitive nature of the market.
Source: u.today
