Stablecoin

bullish

Optimism

Read

<ul class="wp-block-list news-points"> 
 <li>Ripple will debut the RLUSD stablecoin on December 17th, Tuesday.</li> 
 <li>Ripple Payments will start using RLUSD for international payments by early next year.</li> 
 <li>XRP rose by more than 15% in the past week post NYDFS approval of RLUSD.</li> 
</ul> 
American fintech firm Ripple will launch its highly-anticipated stablecoin, RLUSD, on Tuesday. This has created a bullish atmosphere for the XRP token surging more than 15% in the past week and 2.60% in the past 24 hours alone, nearing the $2.50 price level. The upcoming launch of the dollar-pegged stablecoin could drive XRP towards $3 soon. 
<h2 class="wp-block-heading" id="h-rlusd-aims-to-dominate-cross-border-transactions">RLUSD Aims to Dominate Cross-Border Transactions</h2> 
According to <a href="https://fortune.com/crypto/2024/12/16/ripple-announces-launch-rlusd-stablecoin/" target="_blank" rel="nofollow">Fortune</a>, Ripple wants to become the leading network for cross-border transactions with the launch of RLUSD. The stablecoin <a href="https://coinedition.com/rlusd-stablecoin-ripple-secures-nydfs-nod-xrp-jumps-9/">received approval</a> from the New York Department of Financial Services (NYDFS) last week. Initially, the stablecoin will be listed on Uphold, Bitso, MoonPay, Archax, and CoinMENA exchanges with more platforms added in the future. 
<a href="https://coinedition.com/ripples-915m-xrp-transfer-sparks-rlusd-stablecoin-optimism/">Read also: Ripple’s $915M XRP Transfer Sparks RLUSD Stablecoin Optimism</a> 
Jack McDonald, the senior VP of stablecoins at Ripple, said that stablecoins are a “hybrid situation.” While the…
The post <a href="https://coinedition.com/ripples-rlusd-stablecoin-approved-xrp-climbs-15-this-week/">Ripple’s RLUSD Stablecoin Approved, XRP Climbs 15% This Week</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Ripple’s RLUSD Stablecoin Approved, XRP Climbs 15% This Week

Table of Contents

Coin Edition

Other articles published on Dec 17, 2024

Ripple Labs To Launch RLUSD On December 17, Here’s What To Expect

Web3Bay Presale Draws Attention – Immutable’s Gets Gaming Updates & Cytonic Nets $8.3M in Funding

ApeCoin Price Prediction: APE Drops 5% As Investors Pivot To This New Meme Coin For Its 403% Stak...

Avalanche9000 Update Expands Blockchain Ecosystem Opportunities

Solana Traders Speculate On An Undervalued Real Estate Altcoin Expected To Deliver 40,000% ROI

Pudgy Penguins Launches PENGU on Solana With 88-Day Claim Period; Price Soars Over 800%

Join our free newsletter for daily crypto updates!