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Ripple to Roll Out RLUSD Stablecoin on Dec. 17, Adds Former Central Bankers to Advisory Board

Author: Content Editor
Ripple has announced that its U.S. dollar stablecoin, RLUSD, will be accessible to users starting December 17, following regulatory approval. Initially, RLUSD will be listed on several exchanges and platforms, with additional listings in the coming weeks. Ripple has also added Raghuram Rajan and Kenneth Montgomery to its stablecoin advisory board. RLUSD aims to compete in the stablecoin market, currently dominated by Tether and Circle. The token is fully backed by U.S. dollar deposits, bonds, and cash equivalents with a goal to maintain a steady price of $1. RLUSD will be available in regions such as the Americas, Asia-Pacific, UK, and the Middle East, but not initially in the EU due to lack of the necessary license. However, Ripple is exploring ways to enter the EU market. The token may experience price volatility due to early demand and limited supply.

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