Ripple is set to release a U.S.-dollar pegged stablecoin, RLUSD, and believes that stablecoins have the potential to transform the world's financial system. The company notes that $6.87 trillion worth of fiat-backed stablecoins were transacted in digital payments in 2022, surpassing traditional payment networks like PayPal and MasterCard. The adoption of stablecoins is rising, with 41% of Americans now using cashless payments, prompting businesses to switch to stablecoin payments for faster checkouts and improved security. The RLUSD will be issued on the XRP Ledger and Ethereum blockchain, enabling instant payments and easy conversion between fiat and stablecoins. Ripple emphasizes that regulatory compliance was a priority in the design of RLUSD.



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