Ripple, the San Francisco-based blockchain company behind XRP, has announced the official launch of its new stablecoin, RLUSD. The company revealed the development in a recent tweet, inviting the crypto community to explore the innovative product backed by over 10 years of blockchain experience.
Ripple also provided access to the RLUSD whitepaper through its website, where detailed insights into the stablecoin’s functionality and use cases are available.
According to Ripple, RLUSD facilitates real-time payments and seamless on/off ramps for fiat-to-stablecoin transactions. This new product gives users a platform where they can hold, buy, and even trade tokenized USD.
Ripple asserts that RLUSD complies with industrial standards and is anchored on cash reservoir and U.S Treasury bills, among other similar cash instruments.
Also Read: IRS Delays Crypto Tax Reporting Rules
RLUSD Built for Cross-Border Payments and Scalability
Ripple’s RLUSD stablecoin was developed for broad applications, focusing on cross-border payments and institutional adoption. It was launched on the Ethereum blockchain and the XRP Ledger during a developmental period between August and December of last year.
Ripple points out the efficiency of the RLUSD in offering real-time and low-cost payments, while the XRP Ledger mobiles offer up to 1,500 TPS. The whitepaper explains that besides cross-border payments, RLUSD is also flexible with other integrations.
Ripple intends to incorporate the stablecoin into its existing platform, which processes billions of dollars in equivalent U.S. currency transactions globally. This positions RLUSD as a competitive option in the digital finance landscape.
Monthly XRP Unlock Raises Questions Amid New Developments
In a related development, Ripple unlocked 500 million XRP tokens from its escrow account on January 1, 2025. This scheduled monthly release, valued at $1.07 billion, occurred at 06:57 UTC.
Ripple’s ‘Ripple 25 wallet first commissioned the transaction and held 1 billion XRP before donating 500 million to the ‘Ripple 13 wallet, where the tokens remain locked.
Notably, this month’s release represents only half of Ripple’s typical monthly unlock, with the remaining 500 million XRP expected later. A memo accompanying the transaction referenced a politically significant event, which has sparked discussions about its potential market impact.
Conclusion
Ripple’s launch of RLUSD signals its continued innovation in blockchain and digital finance, while the stablecoin’s introduction alongside the partial XRP unlock highlights Ripple’s strategic approach to expanding its influence in the crypto space.
As RLUSD becomes integrated into Ripple’s platform, its role in transforming cross-border payments will likely attract widespread attention.
Also Read: XRP Poised for $15 Milestone Amid Market Surge and Expanding Ripple Ecosystem
