XRP Price Up 4% As Ripple Announced RLUSD Launch For Tuesday
Posted On December 16, 2024
Ripple is set to launch its USD-backed stablecoin, Ripple USD (CRYPTO: RLUSD), on Tuesday. Following the announcement, Ripple’s native coin XRP (CRYPTO: XRP) is up 4% on the day, having surged 130% over the past month.
RLUSD will be available on major global exchanges, including Uphold, Bitso, MoonPay, Archax, and CoinMENA, with plans for additional listings on platforms such as Bitstamp, Bullish and Mercado Bitcoin in the coming weeks.
Ripple has emphasized transparency for its stablecoin, confirming that RLUSD will be fully backed by US dollar deposits, government bonds and …
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