According to Fox Business, Ripple is preparing to launch its US dollar-pegged stalecoin Ripple USD (RLUSD).
Accordingly, Ripple is expected to launch RLUSD today, December 4.
Unveiled in June, RLUSD will reportedly launch as a 1:1 USD-backed stablecoin backed by 100% USD deposits, short-term US government bonds, and other cash equivalents.
Ripple stated in its statement that once RLUSD is launched, it plans to use both RLUSD and XRP for cross-border payments to serve its global customers.
Now the big day has arrived and as the crypto community awaits the launch of RLUSD, Tron (TRX) founder Justin Sun has made a critical exit.
Justin Sun signaled in his post from his X account that the XRP-backed stablecoin RLUSD could be integrated into the Tron network.
— H.E. Justin Sun 🍌 (@justinsuntron) December 4, 2024
*This is not investment advice.
