Stablecoin

Ethereum

bullish

<ul class="wp-block-list">
 <li>The crypto market is bullish over the highly anticipated RLUSD stablecoin launch.&nbsp;</li>  
 <li>RLUSD launch delayed as Ripple says the December 4 launch was a rumour.&nbsp;</li>  
 <li>The price of XRP is expected to make explosive gains upon the RLUSD launch.</li> 
</ul>  
<p>Ripple had initially planned to launch its stablecoin RLUSD on December 4 following New York Department of Financial Services (NYDSF) approval. However, the entity has addressed that despite the December 4 launch rumour, the <a href="https://cryptonewsland.com/ripple-clarifies-rlusd-launch-delay-nydfs-approval/" target="_blank" rel="noopener noreferrer nofollow">launch of RLUSD stablecoin</a> is yet to be determined official as NYDFS approval still remains to be complete.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-the-first-stablecoin-backed-by-real-assets">The First Stablecoin Backed by Real Assets</h2>  
<p>While Ripple is working hard on the inevitable launch of the much-anticipated United States dollar-pegged stablecoin, there still seems to a little more I’s to dot and T’s to cross before RLUSD is ready to be unveiled. However, crypto enthusiasts can be certain that Ripple intends to use both RLUSD and XRP in its cross-border payment solutions.&nbsp;</p>  
<p>This is indeed highly <a href="https://cryptonewsland.com/xrp-gains-momentum-with-ripples-rlusd-stablecoin-and-potential-etf-approval/" target="_blank" rel="noopener noreferrer nofollow">bullish news for the crypto market as well as for XRP traders</a>. The use of both RLUSD and XRP in Ripple’s payment solutions will ensure the long-term success of both assets. Since, RLUSD’s first introduction in June 2024, the asset has been defined as a 1:1 US dollar-backed stablecoin supported by US dollar deposits, short-term US Treasury securities, and other cash equivalents.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-rlusd-will-launch-on-xrpl-and-the-ethereum-network">RLUSD Will Launch on XRPL and the Ethereum Network</h2>  
<p>Following that, beta testing for RLUSD began in August on Ripple’s XRP Ledger (XRPL) and the Ethereum network, with plans to extend its reach to additional blockchains and decentralized finance (DeFi) protocols. Adding on, preview listings of RLUSD have appeared on platforms like CoinGecko and CoinMarketCap, adding to the anticipation of its launch.</p>  
<p>It is these listings that fueled the rumours behind a December 4 launch for RLUSD. At the moment, Ripple intends to integrate RLUSD with its cross-border payment solutions alongside its <a href="https://ripple.com/xrp/" target="_blank" rel="noopener noreferrer nofollow">flagship cryptocurrency, XRP</a>. In a previous announcement, Ripple emphasized that RLUSD was designed to be “complementary and additive” to XRP.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-a-complimentary-asset-to-xrp">A Complimentary Asset to XRP</h2>  
<p>Thus, by pairing the two, Ripple aims to enhance RLUSD’s stability and liquidity while bolstering XRP’s utility. Ripple Labs CEO Brad Garlinghouse highlighted RLUSD’s institutional focus, stating, “There’s an opportunity for another player in the stablecoin market that emphasizes institutions and compliance”.&nbsp;</p>  
<p>Ripple has previously used stablecoins, such as Circle’s USDC, in payment flows, demonstrating its commitment to developing secure and reliable solutions. Ripple’s RLUSD stablecoin launch is expected to further enhance its payment ecosystem and cater to institutional needs, solidifying its position in the evolving digital asset landscape.</p>  
<h2 class="wp-block-heading" id="h-impact-on-xrp-price">Impact on XRP Price</h2>  
<p>This symbiotic relationship with XRP is likely to reflect highly on <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">XRP price</a> in the coming super cycle phase of the ongoing crypto bull cycle. As the crypto market approaches the peak of the ongoing altseason analysts are certain that XRP will be setting impressive new ATHs possibly going two and three-digit XRP prices.</p> 
<p>The post <a href="https://cryptonewsland.com/ripples-rlusd-stablecoin-prepares-for-monumental-launch-xrp-bullish/" rel="noopener noreferrer nofollow">Ripple’s RLUSD Stablecoin Prepares for Monumental Launch, XRP Price Expected to Skyrocket Following RLUSD Rollout</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Ripple’s RLUSD Stablecoin Prepares for Monumental Launch, XRP Price Expected to Skyrocket Following RLUSD Rollout

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