CandleFocus Ripple Stablecoin is for All, Including Retail Investors: XRP Ledger Validator
2024-09-16
Author: Content Editor
The XRPL dUNL validator Vet has clarified that the Ripple stablecoin RLUSD is not exclusively for institutional investors, debunking previous speculations. Vet emphasized that RLUSD is for everyone, including both retail users and institutions, as a compelling ecosystem requires widespread adoption. Institutions will play a crucial role in RLUSD distribution, receiving the stablecoin from the XRP Ledger and distributing it to users. Retail traders and other institutions will access RLUSD through exchanges and automated market makers, allowing for cross-border payments and liquidity on the XRP Ledger. This clarification aligns with the stance of community pundit WrathofKahneman, who highlighted the necessity of retail participation in Ripple's On-Demand Liquidity. The actual launch date for RLUSD remains unknown. Ripple CEO Brad Garlinghouse has stated that it will debut in the coming weeks.
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