CandleFocus XRP Community Outraged as Ripple USD (RLUSD) Faces Freeze on XRPL
2024-09-30
Author: Content Editor
The launch of Ripple USD (RLUSD), a stablecoin pegged to the U.S. dollar, is expected to be a significant development in Ripple's ecosystem. Originally planned to launch on both the XRP Ledger (XRPL) and Ethereum platforms, recent news suggests that RLUSD may only launch on Ethereum this year or on XRPL without initial functionality in the Automated Market Maker (AMM). This limitation is due to the clawback feature that restricts the stablecoin from being used in XRPL's AMM. Amendments, such as XLS-73 and XLS-77, are being developed to address this situation, but it is uncertain when they will take effect. Ripple CTO David Schwartz explains that XLS-77 introduces a less deep freeze than expected. The initial release of RLUSD may lack complete functionality, requiring patience from users. The XRP community has raised objections to the potential limitations of RLUSD on XRPL, particularly since it is expected to operate fully on Ethereum.
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