Ripple has collaborated with the Root network to launch RLUSD, a stablecoin, on the metaverse-focused blockchain. Users will be able to buy, hold, and trade RLUSD on Root Network, and it can also be seamlessly bridged to the XRP Ledger. RLUSD has gained support from several networks and exchanges, including Archax, Bitso, CoinMENA, MoonPay, Uphold, and Independent Reserve. Ripple has also partnered with Chainlink to boost RLUSD's appeal to DeFi protocols. Ripple is aiming to expand the usage and adoption of RLUSD and is exploring partnerships with tier-one exchanges like Coinbase and Binance. There have also been hints of a potential collaboration between Ripple and Cardano to launch RLUSD on the Cardano network. RLUSD currently has a market cap of over $53 million and stable trading volumes.



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