CandleFocus XRP Price to Soar More? Legal Expert Breaks Down Why RLUSD Launch Will Fuel XRP Growth
2024-12-04
Author: Content Editor
Ripple is set to launch a new stablecoin called RLUSD, backed by the U.S. dollar, pending regulatory approval from the New York Department of Financial Services. The introduction of RLUSD is expected to provide liquidity to Ripple's On-Demand Liquidity partners and improve efficiency in its global payment solutions. The launch is eagerly anticipated by the XRP community, who hope it will boost adoption of Ripple's technology. There is speculation on how RLUSD will impact the value of XRP, with some noting that increased usage of a blockchain network can lead to an increase in the value of its native token.
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