BCGAME - Free 5BTC Daily Bonus!A recent important update on the upcoming stablecoin from Ripple Labs, Ripple USD (RLUSD), which will be pegged to the value of the US dollar, was revealed by the company's CEO, Brad Garlinghouse.
During the Korea Blockchain Week event held in Seoul on September 4, Brad Garlinghouse highlighted that the RLUSD stablecoin is close to its official issuance, according to published information. by the Coindesk.
According to the publication, Ripple's CEO said that the company's stablecoin is expected to be issued in a few weeks.
“We will definitely be launching soon. Weeks, not months,” Garlinghouse said during the event. “It’s called Ripple USD. RLUSD was minted on that framework,” he added.
Also on the occasion, Garlinghouse explained that the company's plans related to stablecoin came about after USD Coin (USDC), which is the second largest stablecoin on the market, lost its parity with the dollar in March of last year.
“We felt there was an opportunity for a trusted player that already worked with many financial institutions to lean into this market,” he said.
It is worth remembering that Riple reported at the beginning of the month that started Ripple USD (RLUSD) beta testing on the XRP Ledger (XRPL) and Ethereum mainnet. “The mainnet version of Ripple USD is also available on Ethereum, with plans to expand to additional blockchains and decentralized finance (DeFi) protocols over time.”
Brad Garlinghouse comments on the possibility of Ripple (XRP) IPO in the US
Ripple Labs CEO Brad Garlinghouse commented recently about the possibility of an initial public offering (IPO) filing for Ripple (XRP) in the United States. In recent years, debates about a Ripple IPO have intensified in the cryptocurrency community.
During a talk at the Korea Blockchain Week event held in Seoul on September 4, Brad Garlinghouse commented on a number of topics, including the prospects of an IPO in the US.
When asked about this possibility, Garlinghouse noted that the company currently has no interest in going public in the US. Notably, the decision comes in light of the Securities and Exchange Commission's (SEC) stance on the industry at the moment.
