Ethereum

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 <li><strong>Ripple’s RLUSD is in its first testing phase on the XRPL and Ethereum mainnets.</strong></li> 
 <li><strong>The test ensures RLUSD’s </strong><strong>highest security, efficiency, and reliability standards before its regulatory approval.</strong></li> 
 <li><strong>The RLUSD launch addresses the increasing demand for stablecoins in the crypto market.</strong></li> 
</ul> 
<p>Ripple has initiated beta testing of its US Dollar-backed stablecoin, Ripple USD (RLUSD), on both the XRP Ledger (XRPL) and Ethereum mainnets. In an official X post on August 9, the team shared their excitement about RLUSD’s testing on the mainnets’ private beta.</p> 
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   <p lang="en" dir="ltr">Testing, testing…RLUSD! We’re excited to share that Ripple USD (RLUSD) is now in private beta on XRP Ledger and Ethereum mainnet. RLUSD has not yet received regulatory approval and therefore is not available for purchase or trading – please be cautious of scammers who claim they…</p>— Ripple (@Ripple) <a href="https://twitter.com/Ripple/status/1821942246939488574?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 9, 2024</a>
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<p>Ripple acknowledged the <a href="https://ripple.com/insights/a-new-era-of-stablecoins-ripple-usd-begins-testing-on-the-xrp-ledger-mainnet/?utm_source=x&amp;utm_medium=organic_social&amp;utm_campaign=cont-blog-global-stablecoin-mainnetdeployment-all-2024-q3&amp;utm_content=thread_static" target="_blank" rel="nofollow">launch of its stablecoin</a> as a significant milestone that drives XRPL closer to exploring new opportunities, enhanced liquidity, and institutional use cases. In addition, the firm stated that the testing phase remains crucial as it ensures the stablecoin’s highest standards of s…</p>
<p>The post <a href="https://coinedition.com/ripple-bets-on-stablecoins-rlusd-testing-kicks-off-on-xrpl-ethereum/">Ripple Bets on Stablecoins: RLUSD Testing Kicks Off on XRPL &amp; Ethereum</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Ripple Bets on Stablecoins: RLUSD Testing Kicks Off on XRPL & Ethereum

Coin Edition

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