Ripple’s RLUSD Launch Date And Time Revealed: What To Expect Today?
Ripple officially announced the launch of the RLUSD stablecoin, which will be launched soon. Ripple President Monica Long said on her social media on Monday that the new stablecoin is an important step for both XRP Ledger and Ripple, which processes more than $70 billion in payments. RLUSD combines Ripple’s 10+ years of experience with strong compliance standards and the support of a trusted advisory board.
As of last week, the company had received final approval for RLUSD from the New York State Department of Financial Services (NYDFS) under the regulator’s limited purpose trust company charter. RLUSD will be launched on platforms such as Uphold, MoonPay, CoinMENA, Archax and Bitso, with more exchanges including Bullish, Mercado Bitcoin, Zero Hash, Independent Reserve and Bitstamp joining soon.
When will RLUSD be launched?
RLUSD will begin listing on global exchanges today (December 17, 2024). While a release date has been confirmed, the exact timing has yet to be revealed. While a social media post on Therefore, caution should be exercised until Ripple provides official details.
XRP price rises:
The market reacted positively to the news, with XRP price rising. Although some traders are taking profits, excitement is building and the price of XRP is likely to continue to rise as trust in Ripple grows. The price of XRP has been rising strongly due to Ripple’s big announcement.
While Bitcoin and other cryptocurrencies like BNB and ETH are performing well, XRP’s movements are directly tied to Ripple’s stablecoin news. As Ripple gains more trust, the value of XRP is expected to climb, benefiting from positive sentiment in the cryptocurrency market.
