Ripple has finally launched its stablecoin called RLUSD and it's backed by us dollars. Now we have officially got another stable coin and this is available globally. Though it's globally launched but we will see if getting added in exchangea in the coming weeks.
Ripple seems to have bigger plants for there is stable coins and I believe that this RLUSD stable coin is going to be another game changer in the market and it will bring more competition in the segment. Only need more stable coins in the market so that there is no monopoli on one coin and we know that usdt is the biggest one how ever this should not be the case and with more coins community will be able to utilise different coins according to their need.
Ripple aims to target global adoption of RLUSD, with its partner network facilitating its use across regions including the Americas, Asia-Pacific, the UK, and the Middle East. The company plans to integrate RLUSD into its Ripple Payments protocol by early 2025 to support cross-border settlement and treasury remittance
I have the company has already shared the update about its stable coin that they are going for the global adoption and their also in the process of partnering with remittance processing and they will be facilitating the payment globally which will make cross border payment easy and convenient.
Its just the beginning but we can expect to see a lot coming up and it's also anticipated that we will be getting more value drive to the XRP coin and this is why a price growth can be seen in xrp coin in market as of now. If there's good utility for the coin then surely we will see alot of value coming up to xrp ecosystem and it will benefit the xrp coin also.
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