Ripple Set to Launch RLUSD Stablecoin on December 17 with Notable Advisory Additions
Crypto/Finance

Ripple Set to Launch RLUSD Stablecoin on December 17 with Notable Advisory Additions

Ripple prepares to introduce its highly anticipated U.S. dollar stablecoin RLUSD, expanding its advisory board with seasoned former central bankers.

Ripple, a blockchain services firm associated with the XRP Ledger, has announced it will officially launch its U.S. dollar stablecoin, RLUSD, on December 17, following regulatory approval. Initially, RLUSD will be available on several platforms such as Uphold, MoonPay, Archax, and CoinMENA, with additional listings planned shortly thereafter.

Key Details:

  • Ripple’s advisory board now includes Raghuram Rajan (formerly of the Reserve Bank of India) and Kenneth Montgomery (ex-COO of the Federal Reserve Bank of Boston).
  • CEO Brad Garlinghouse highlighted the anticipated volatility of RLUSD's price, which may reach as high as $1,200 in initial trading.

The company aims to secure a larger market share within the competitive stablecoin landscape, currently led by Tether's USDT and Circle's USDC.

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