CandleFocus Ripple Prepares for Stablecoin Launch With New Burns
2024-09-23
Author: Content Editor
Ripple's stablecoin, RLUSD, is set to launch in a few weeks according to reports and CEO Brad Garlinghouse. Currently in beta testing, Ripple USD recently burned 24 RLUSD on the XRP Ledger (XRPL) blockchain and 64 RLUSD on the Ethereum-based blockchain. Ripple aims to compete in the expanding stablecoin market, projected to be worth $2.8 trillion by 2028. The company is focused on refining the minting and burning process during beta testing to ensure a successful market entry. Maintaining user trust in the stablecoin market is crucial.
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