The XRP community member, @BankXRP, shared photos of an RLUSD ad published in The Wall Street Journal, promoting Ripple's new stablecoin. The ad highlights that RLUSD is backed by over 10 years of onchain expertise and is regulated. This news was met with enthusiasm from XRP holders and supporters. An independent auditing company, BMP, published a report showing that Ripple minted 77,208,201 RLUSD at the end of last year, backed by reserves worth $83,214,671, with a coverage ratio of 177.77%. RLUSD was officially launched in December and has been listed on exchanges such as Bitstamp and Bullish. Ripple is currently negotiating with other platforms, including Coinbase and Binance, for RLUSD listing. The Ripple blockchain has minted two recent batches of RLUSD stablecoins. RLUSD currently ranks 3,059 on CoinMarketCap with a market capitalization of around $53.1 million.



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