Ripple begins beta testing its stablecoin, Ripple USD (RLUSD), on XRP Ledger and Ethereum mainnet. This marks a significant step in digital finance, enhancing asset quality and fostering new opportunities. RLUSD is pegged 1:1 to the US dollar and backed by US dollar deposits, short-term treasuries, and cash equivalents. Transparency audits will be conducted, and monthly attestations published. The stablecoin is not available for purchase or trading pending regulatory approval.
Source: https://Blockchain.News/news/ripple-usd-rlusd-beta-testing-xrp-ethereum-mainnet
isphere_crypto / Crypto & Blockchain - InfoSphere
npub1u2…tzssv
2024-08-10 01:31:34
Author Public Key
npub1u235f2cryudaw6plpsfqk4feylzvd9f36ufgfyzrvkaukpyx5ptq5tzssvPublished at
2024-08-10 01:31:34Event JSON
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"kind": 1,
"tags": [],
"content": "Ripple begins beta testing its stablecoin, Ripple USD (RLUSD), on XRP Ledger and Ethereum mainnet. This marks a significant step in digital finance, enhancing asset quality and fostering new opportunities. RLUSD is pegged 1:1 to the US dollar and backed by US dollar deposits, short-term treasuries, and cash equivalents. Transparency audits will be conducted, and monthly attestations published. The stablecoin is not available for purchase or trading pending regulatory approval.\n\nSource: https://Blockchain.News/news/ripple-usd-rlusd-beta-testing-xrp-ethereum-mainnet",
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}