BCGAME - Free 5BTC Daily Bonus!The president of the giant Ripple Labs, Monica Long, recently commented on demand for the company's Ripple USD (RLUSD) stablecoin, which will be pegged to the value of the US dollar.
Commenting on the matter in a post on his official X social media platform account, Long put an end to speculation surrounding the demand for the RLUSD stablecoin.
After a successful week at the Singapore FinTech Festival, Ripple’s CEO highlighted some insights related to the growing interest in the stablecoin market.
In her recent commentary, Long highlighted the growing demand for USD-based stablecoins in some regions, such as Latin America (LATAM). In addition, the Ripple executive also highlighted in her insights the potential of EUR and SGD stablecoins in order to establish a presence in the cryptocurrency market.
Also on the occasion, Long said that the company's stablecoin already has some customers lined up, who are ready to use RLUSD from the moment it is publicly launched.
“Back from a fantastic week at @sgfintechfest – on and off stage, everyone was talking about stablecoins. I spoke to @tanvirgill2 on @cnbc about the growing demand (e.g. LATAM wants USD-based stablecoins, but EUR and SGD could very well solidify their own place in the market) and how Ripple USD (RLUSD) already has customers ready to use it once it launches publicly,” wrote Long.
Ripple Stablecoin (RLUSD) to Launch in UAE with Dirham Support for Digital Transactions? Here’s What You Need to Know
A Ripple Stablecoin (RLUSD) to Launch in UAE with dirham support for digital transactions? The company is generating speculation in the cryptocurrency community about a potential launch of a dirham-backed stablecoin in the United Arab Emirates.
The speculation coincides with discussions surrounding Ripple's upcoming launch of its Ripple USD (RLUSD) stablecoin, which will be pegged to the value of the US dollar.
In a recent move, Ripple praised the UAE’s progressive digital asset regulatory framework, which stands out for encouraging blockchain innovation and the integration of stablecoins.
