Ripple’s RLUSD Stablecoin Set for Launch on Ethereum and XRP Ledger After Regulatory Approval

Benzinga

Ripple’s dollar-backed stablecoin will debut Tuesday after gaining approval from the New York State Department of Financial Services. RLUSD will launch on the Ethereum blockchain and XRP ledger, debuting on select global exchanges but not initially on Coinbase or Robinhood. Ripple cites growing demand for cost-effective cross-border payments as a key driver for the launch. The stablecoin market, led by Tether and Circle's USDC, has surged 50% this year and 15% since the election.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Ripple's dollar-backed Stablecoin will debut Tuesday after gaining approval from the New

00:06York State Department of Financial Services.

00:08RLUSD will launch on the Ethereum blockchain and XRP ledger, debuting on select global

00:14exchanges but not initially on Coinbase or Robinhood.

00:17Ripple cites growing demand for cost-effective cross-border payments as a key driver for

00:22the launch.

00:23The stablecoin market, led by Tether and Circle's USDC, has surged 50% this year and 15% since

00:30the election.

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