Ripple has announced the public availability of its stablecoin, RLUSD, and has appointed several influential figures, including Raghuram Rajan, former director of the International Monetary Fund (IMF), to its advisory board. Rajan, a renowned economist who predicted the 2007-2008 financial crisis, will provide guidance on financial, regulatory, and operational matters for the stablecoin. Rajan believes stablecoins have the potential to become the backbone of payments and sees RLUSD setting new standards for trust and shaping the future of payments. He joins other notable figures on Ripple's advisory board, including former FDIC Chair Sheila Bair and Ripple co-founder Chris Larsen.



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