Breaking: Ripple USD (RLUSD) Launch Date Finally Revealed

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As a seasoned crypto investor with over a decade of experience navigating the digital asset landscape, I can’t help but feel a sense of anticipation upon hearing Ripple‘s latest announcement. The launch of RLUSD stablecoin on Dec. 17 is undoubtedly a significant step towards mainstream adoption of blockchain technology, and it’s always exciting to witness such developments in the rapidly evolving crypto world.

According to reports, the digital currency firm based in San Francisco, known as Ripple, has announced that it will release its stablecoin, Ripple USD (RLUSD), on December 17.

After its debut, the stablecoin product will quickly become available for trade on prominent cryptocurrency exchange platforms.

The list of exchanges will include Bitstamp, according to Ripple’s Cassie Craddock.

According to U.Today’s report, the frequently discussed stablecoin recently received approval from the New York State Department of Financial Services (NYDFS).

In a recent declaration, Brad Garlinghouse, the head of Ripple, expressed his belief in wider use of stablecoin solutions. He considers these products to possess genuine value and usefulness.

The price of XRP token has climbed about 1.5% due to recent news. However, it seems that the market has already factored in the upcoming release of the stablecoin product.

According to U.Today’s report, David Schwartz, the CTO at Ripple, cautioned against speculating on the price of the popular stablecoin after someone suggested buying a tiny fraction for an expensive $1,200. Schwartz explained that the supply of the stablecoin will reach equilibrium quickly.

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2024-12-16 19:23