Ripple's upcoming RLUSD stablecoin is attracting bids of up to 836 XRP on onchain marketplaces before its release, indicating high demand among enthusiasts. These bids range from 500 XRP to 836 XRP. The price of XRP is just under $2.5. Ripple Labs CTO David Schwartz acknowledged the high bids but assured that the price will stabilize around $1 once supply is established. RLUSD may experience temporary price discrepancies due to low liquidity in the initial hours, but each token will ultimately be redeemable for one dollar. RLUSD will be launched on the XRP Ledger, with initial listings on various exchanges and platforms.



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