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Millions of RLUSD Ready to Hit Market After Recent Launch: Details
Ripple’s recent launch of its new stablecoin, Ripple USD (RLUSD), has sparked a flurry of interest in the cryptocurrency community. In an interview, Ripple President Monica Long emphasized the importance of regulatory compliance, diversification, and drive utility in the market.
According to reports, the stablecoin is designed to set a new benchmark for stablecoins by providing all three essential features. As the president noted, “The world doesn’t need another stablecoin that simply pegs the value of one currency to another. We built RLUSD to be different.”
Long further stated that RLUSD will continue Ripple’s mission to bridge the gap between traditional finance and blockchain technology.
Recent data suggests that millions of RLUSD are ready to hit the market after the launch, which has sent shockwaves throughout the industry.
Source: u.today
