BCGAME - Free 5BTC Daily Bonus!- Ripple launches page for RLUSD stablecoin.
- Ripple RLUSD: Dollar-backed and subject to regulatory approval.
San Francisco-based Blockchain payments company Ripple has just opened a new web page dedicated to its imminent stablecoin, Ripple USD (RLUSD), which will be pegged to the value of the US dollar. This new addition will be integrated into both the XRP Ledger and the Ethereum (ETH) blockchain.
Ripple USD (RLUSD) offers robust solutions for a variety of financial traders. For remittance and money transfer providers, RLUSD ensures instant and seamless cross-border settlement with flexible on and off options for stablecoins, fiat currencies, and cryptocurrencies.
For centralized exchanges, it represents an opportunity to increase trading volume through a partnership with a stablecoin that stands out for its reliability and transparency.
Furthermore, for payment service providers, RLUSD allows you to explore new markets and guarantee global liquidity, relying on a fully regulated structure, which reinforces its applicability and security in international financial operations.
What is Ripple USD (RLUSD)?
USD (RLUSD) is Ripple's dollar-backed stablecoin, RLUSD promises to be fully backed by cash and cash equivalents, ensuring that each unit of the stablecoin can be redeemed for one US dollar in a direct 1:1 ratio. Ripple highlights, however, that the circulation of the new stablecoin will depend on obtaining the necessary regulatory approvals.
The company describes RLUSD as a stablecoin that strictly follows current regulations, reinforcing its commitment to legal compliance. The initiative to launch the new digital asset was initially announced in April this year, marking a new step in Ripple's efforts to expand its offerings in the cryptocurrency market.
The regulatory context surrounding RLUSD has already generated legal debates, especially with the US Securities and Exchange Commission (SEC). In May, during a court case, the SEC argued that Ripple's proposed stablecoin constitutes a “new unregistered crypto asset.” This lawsuit is part of broader litigation that began in 2020, when the SEC sued Ripple for allegedly trading XRP as an unregistered security.
Despite these challenges, Ripple received a partial victory in 2023 when US District Judge Analisa Torres ruled that automated XRP sales did not constitute securities offerings, contrary to the SEC's position. However, the same judge confirmed that direct sales of XRP to institutional investors should be treated as securities offerings.
