The RLUSD stablecoin is Ripple's latest innovation powered by XRP Ledger and Ethereum blockchain technology for fast and cheap transactions. Here's the review.

What is RLUSD: The Latest Stablecoin from Ripple

What is RLUSD The Latest Stablecoin from Ripple.

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What is RLUSD The Latest Stablecoin from Ripple.webp

Ripple announced plans to launch the RLUSD stablecoin, which will have a 1:1 exchange rate against the US dollar. Read this article to find out more!

Ripple Launches RLUSD Stablecoin Soon, Here's the Progress!

<img src="https://static.bittime.com/cms-static/upload/RLUSD_Stablecoin_82783250af.webp" alt="RLUSD Stablecoin" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com?cn=400001">Bittime</a> -&nbsp;Last April, Ripple announced plans to launch the RLUSD stablecoin, which will have an exchange rate of 1:1 against the US dollar.&nbsp;Since the announcement, many have been looking forward to the development of the RLUSD stablecoin, especially with the news that this stablecoin will be available on the XRP Ledger (XRPL) and the Ethereum network.<figure class="image"><a href="https://www.bittime.com/register?cn=400001" target="_blank" rel="noopener noreferrer"><img style="aspect-ratio:601/301;" src="https://static.bittime.com/cms-static/upload/join_registrasi_lucky_draw_2a7ca2565e.webp" alt="join registrasi lucky draw.webp" width="601" height="301"></a></figure><h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">RLUSD Stablecoin Progress</h2>In August 2024, Ripple began the beta testing phase for its RLUSD stablecoin.&nbsp; Monica Long, President of Ripple, stated that the Ripple team is operationally ready to launch this stablecoin.However, he emphasized that RLUSD can only be purchased and traded after obtaining approval from the New York Department of Financial Services (NYDFS) which is reviewing this stablecoin.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/stablecoin-rlusd-ripple-segala-yang-wajib-kamu-ketahui">Ripple's RLUSD Stablecoin: Everything You Need to Know</a>&nbsp;<h2 style="line-height:1.7999999999999998;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Exchange for RLUSD Stablecoin</h2>Meanwhile, Ripple has announced a number of exchanges that will support RLUSD trading, such as Bitstamp, Bitso, Uphold, Bullish, CoinMENA, Independent Reserve, and MoonPay.&nbsp;This indicates that Ripple is ready to distribute its RLUSD stablecoin to the global market once all the necessary permits have been approved.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/reward/listingplpa?cn=400001"><img class="image_resized" style="aspect-ratio:1202/602;width:75%;" src="https://static.bittime.com/cms-static/upload/official_listing_announcement_cebc47f774.webp" alt="official listing announcement.webp" width="1202" height="602"></a><h2 style="line-height:1.7999999999999998;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Potential of RLUSD Stablecoin</h2>According to Monica Long, the potential for the stablecoin market will become even greater in the next few years. He predicts the market capitalization for all stablecoins will increase from about $180 billion to more than $3 trillion.The main factor behind this increase is the increasing demand for fast and efficient payment tools, which stablecoins offer.Apart from that, Monica Long also predicts that in the future stablecoins will be more diverse. Not only is it pegged to the US dollar, but also to other fiat currencies such as the euro, yen and others.&nbsp;Thus, the RLUSD stablecoin could play an important role in the early stages of this trend as one of the dollar-based stablecoins, before the stablecoin market develops with more varied fiat currencies.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/dominasi-stablecoin-capai-kapitalisasi-pasar-tertinggi">Stablecoin Domination, Reaches Highest Market Capitalization Since May 2022!</a>&nbsp;<h2 style="line-height:1.7999999999999998;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto di Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://play.google.com/store/apps/details?id=com.bittime.currency.exchange&amp;hl=id?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Cara_Beli_NEW_e4ecd75e9d.webp" alt="Cara Beli NEW.webp" width="753" height="301"></a>Want to trade sell<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://play.google.com/store/apps/details?id=com.bittime.currency.exchange&amp;hl=id"> buy Bitcoins</a> and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!Check the exchange rate<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/btc-to-idr"> BTC to IDR</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/eth-to-idr"> ETH to IDR</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/sol-to-idr"> SOL to IDR</a> and other crypto <meta charset="utf-8">assets to find out today's crypto market trends in real-time on Bittime.

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RLUSD Stablecoin.webp

Ripple USD (RLUSD) is a new stablecoin offering a fixed value at $1, issued on the XRP Ledger and Ethereum. Ideal for stable and fast transactions.

Ripple USD (RLUSD): A New Stablecoin with Huge Potential

Ripple USD (RLUSD) Stablecoin Baru dengan Potensi Besar

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Ripple USD (RLUSD) Stablecoin Baru dengan Potensi Besar (1).webp

Ripple will soon launch the RLUSD stablecoin. However, this stablecoin will only be available to financial institutions.

Stablecoin RLUSD Only Open to Institutition

<img src="https://static.bittime.com/cms-static/upload/RLUSD_Stablecoin_0144c4c4ae.webp" alt="RLUSD Stablecoin.webp" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com?content_id=news&amp;cn=400001">Bittime</a> -&nbsp;Ripple will soon launch a new stablecoin called RLUSD. However, according to Ripple's CTO, in the initial stages the RLUSD stablecoin will only be available for financial institutions, not for individual users.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=airdrop&amp;cn=400005"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Early Trial Phase of Stablecoin RLUSD</h2>Stablecoins RLUSD is currently in a very limited closed testing phase. In the next few weeks, this stablecoin is expected to be officially launched after going through various testing processes.&nbsp;Ripple's CTO emphasized that outside of this testing phase, it is highly unlikely that individual users will be able to use the RLUSD stablecoin to transfer or store value.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/en/blog/ripple-akan-luncurkan-stablecoin-rlusd-dalam-beberapa-minggu">Ripple to Launch Stablecoin RLUSD in a Few Weeks</a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Stablecoin RLUSD is for Institutions Only</h2>Ripple's decision to limit its RLUSD stablecoin to institutions only in its early stages prompted questions. One of the main concerns is how this could impact the liquidity and adoption of these stablecoins.&nbsp;However, Ripple's CTO has clarified that these restrictions are in place to prevent market manipulation and money laundering, two big problems that other stablecoin projects often face.These initial restrictions on the RLUSD stablecoin are in line with the policies implemented by other stablecoins such as&nbsp;USDC and&nbsp;USDT, where individual users were also unable to directly access the token in some early development stages.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/reward/hamsterkombat?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/hamster_kombat_upcoming_listing_d9e1665dfb.webp" alt="hamster kombat upcoming listing.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Comparison of Stablecoin RLUSD with Other Stablecoin&nbsp;</h2>Ripple will not just release the RLUSD stablecoin without considering the important aspects that exist in the stablecoin market. Ripple CTO compares RLUSD to other stablecoins.One of the fundamental differences between RLUSD and other stablecoins is Ripple's strong focus on security and market integrity.By limiting access to only institutions at the start of launch, Ripple hopes that stability and trust in RLUSD can be established before it opens to the wider public.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/stablecoin-rlusd-ripple-segala-yang-wajib-kamu-ketahui">Ripple's RLUSD Stablecoin: Everything You Need to Know</a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way via Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=news&amp;cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=news&amp;cn=400001"> Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=news&amp;cn=400001"> Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

Stablecoin RLUSD Only Open to Institutions in Early Stage 

RLUSD, a stablecoin from Ripple, will launch soon and be prioritized for institutions initially. RLUSD's advantages include high liquidity and full support of real assets, providing greater security for users.


Ready to Launch, These are the Advantages of RLUSD According to Ripple's CTO

<img src="https://static.bittime.com/cms-static/upload/Ready_to_Launch_These_are_the_Advantages_of_RLUSD_According_to_Ripple_s_CTO_dacc23c93c.png" alt="Ready to Launch, These are the Advantages of RLUSD According to Ripple's CTO.png" width="2048" height="1152"><meta charset="utf-8"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> - RLUSD, a stablecoin from Ripple, will launch soon and be prioritized for institutions initially. RLUSD's advantages include high liquidity and full support of real assets, providing greater security for users.Ripple is preparing for launch stablecoin Ripple RLUSD, which is expected to make a significant contribution to the world of decentralized finance (DeFi). Ripple CTO, David Schwartz, recently stated that Ripple stablecoin this will likely be limited to institutional use at the start of its launch, ensuring strict oversight and control of the risks inherent in the world of stablecoins.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=airdrop&amp;cn=400005"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="text-align:justify;">What is RLUSD?</h2>RLUSD is a stablecoin fully backed by real assets such as US dollar deposits and government bonds, with monthly audited transparency. Ripple develops Ripple RLUSD with the aim of expanding reach into institutional and DeFi markets, as well as strengthening its payments infrastructure.&nbsp;By using Ripple RLUSD, institutions can enjoy greater stability and trust compared to other stablecoins such as USDT or USDC, which are often associated with money laundering and stability risks.Also read:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/kripto-gratis-dapatkan-chainbase">Easy Way to Get Free Crypto from Chainbase Airdrop</a><h2 style="text-align:justify;">RLUSD advantages</h2>One of RLUSD advantages is its high liquidity. This stablecoin is fully backed by strong assets, including the US dollar, thereby offering greater stability than other stablecoins on the market.&nbsp;Additionally, with full support from Ripple, Ripple stablecoin it promises transparency through third-party audits conducted every month. With this mechanism, RLUSD is expected to build trust among institutional investors and the DeFi market.Ripple also ensures that RLUSD has mechanisms that reduce the potential for price manipulation, especially during the early stages of testing. Schwartz emphasized that users do not need to worry about the risk of volatility or unethical use in the RLUSD ecosystem, which is carefully regulated by the Ripple team.<img src="https://static.bittime.com/cms-static/upload/0_f149d113d2.jpg" alt="_0.jpg" width="1472" height="832"><h2 style="text-align:justify;">The Future of RLUSD</h2>With ongoing development on XRP Ledger and Ethereum, Ripple RLUSD poised to become the stablecoin of choice for institutional and DeFi needs. Going forward, Ripple is also planning further development by including features such as smart contracts in XRPL, which will further strengthen RLUSD's position in the blockchain ecosystem.RLUSD's advantages provide great promise for the decentralized finance sector, while bringing much-needed transparency and security to the world of stablecoins. Ripple is ready to introduce this stablecoin to the global world with a vision to unite traditional and decentralized finance.<h2 style="text-align:justify;">How to Buy Crypto on Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy/?content_id=market_analysis&amp;cn=400003">Complete Guide How to Buy Crypto on Bittime</a>.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=market_analysis&amp;cn=400003"> of&nbsp;Bitcoin (BTC) price</a>,&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=market_analysis&amp;cn=400003">Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=market_analysis&amp;cn=400003"> Solana (SOL),</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.