Jun 27, 2024 · According to U.Today, Ripple 's President Monica Long has shed light on the forthcoming Ripple stablecoin, RLUSD, and its potential impact on XRP. Long, during her appearance on the Scoop podcast, explained that the new stablecoin is intended to integrate with and enhance the existing XRP ecosystem.

2 days ago · XRP $2.44 1.31%. BNB $629.11 7.84%. Polkadot $4.82 6.15%. FLOKI $0.000096 8.85%. Join our Telegram > ... According to Monica Long, Ripple’s Director, the company is in discussions with leading cryptocurrency exchanges like Binance and Coinbase to list RLUSD on their platforms. The addition of these exchanges would be a game-changer for the ...

Dec 10, 2024 · Ripple's RLUSD stablecoin has received regulatory approval, boosting XRP's value and signaling the company's strategic positioning in the growing stablecoin market.

Oct 16, 2024 · She noted that significant millions of dollars in transfers have occurred recently as RLUSD is tested on the XRP Ledger and Ethereum networks. Ripple Focuses on Payments and Tokenization with RLUSD. RLUSD’s approval by the New York Department of Financial Services (NYDFS) remains the final hurdle.

Jun 26, 2024 · Ripple President Monica Long explains the dual role the forthcoming RLUSD stablecoin could play alongside XRP for developers and payment utilities. Long provided this insight during an interview on The Scoop podcast yesterday.

The document explains how RLUSD (a stablecoin pegged to the US dollar and backed by Ripple) can improve the Shane Ellis Theory, which focuses on the impact of massive XRP purchases on markets. The central idea is to use RLUSD as a stable intermediary to execute large transactions without volatility, leading to a rapid rise in XRP prices.

Jan 29, 2025 · Ripple SVP of Stablecoins, Jack McDonald, says other major exchanges may list RLUSD by end of year, such as Binance and Coinbase. Jack also says winning approval from the NYDFS could prove to be a ...

Dec 30, 2024 · Ripple’s RLUSD stablecoin saw a remarkable 234% surge in trading volume within 24 hours, gaining attention as Tether’s USDT faces regulatory hurdles in Europe. The surge pushed RLUSD’s market cap to $53.1 million, reflecting growing trust …

Dec 11, 2024 · Ripple USD, or RLUSD, is a new stablecoin designed to facilitate cross-border transactions. It targets large institutional clients and seeks to compete with Circle’s USDC in the US market. RLUSD price will keep a 1:1 value with the US dollar.

Dec 13, 2024 · Ripple Labs mints 13.9 million RLUSD tokens across XRP Ledger and Ethereum Network during final testing phase, while XRP price reaches $2.35 amid growing anticipation for the regulated stablecoin's launch.