CandleFocus Ripple's RLUSD Records Major Changes in One Day: Details
2024-12-18
Author: Content Editor
American blockchain payments firm Ripple Labs Inc. has launched the RLUSD stablecoin, which is expected to maintain a 1:1 peg with the U.S. dollar. However, the token has slightly depegged, trading at $0.99 instead of $1.10 at launch. Despite this, the stablecoin has seen an increase in market cap and the number of holders. Ripple executives believe that RLUSD will usher in a new era for assets like XRP and help Ripple Labs dominate the blockchain payments scene, competing with stablecoin rivals like Tether and Circle.
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