Ripple Launches RLUSD Stablecoin Tomorrow: A Major Leap for Crypto Utility

Ripple will launch its RLUSD stablecoin tomorrow, starting on platforms like Uphold and MoonPay. Designed for instant cross-border payments, RLUSD will run on XRP Ledger and Ethereum, supporting global liquidity.

Ripple Unveils RLUSD Stablecoin with Multi-Chain Functionality

Ripple has officially announced the launch of its much-anticipated stablecoin, RLUSD, scheduled for tomorrow. The stablecoin, approved by the New York Department of Financial Services (NYDFS), will debut on platforms including Uphold, MoonPay, Archax, and CoinMENA.

In the coming weeks, Ripple plans to extend RLUSD’s accessibility to additional platforms such as Bitso, Bullish, and Bitstamp. By early 2025, Ripple Payments will integrate RLUSD into its enterprise operations, supporting instant settlements for global cross-border payments and enhancing liquidity for its corporate clients.

Key Features of RLUSD: Instant Settlements and Broad Utility

Ripple CEO Brad Garlinghouse highlighted RLUSD as a pivotal step for crypto adoption, stating it bridges fiat and crypto seamlessly. RLUSD will operate on two blockchains: the XRP Ledger and Ethereum, offering compatibility with banks, decentralized finance (DeFi) protocols, and payment platforms. This dual-blockchain strategy enables a versatile approach to global payments and financial solutions.

Ripple emphasizes that RLUSD will address pain points in remittance liquidity and settlement times. Designed to provide transparency and trust, the stablecoin will have monthly audits of its reserves conducted by third-party firms.

Market and Institutional Adoption

Ahead of RLUSD’s launch, institutional investors have reportedly shown strong interest, placing significant pre-launch bids—reflecting confidence in Ripple’s proven expertise in enterprise-level solutions. However, Ripple has advised caution to retail investors, warning that early RLUSD trading may experience volatility as market supply adjusts to demand.

Ripple’s Ongoing Legal Feud with the SEC

While the RLUSD launch marks a milestone for Ripple, its legal battle with the U.S. Securities and Exchange Commission (SEC) remains unresolved. The SEC initially claimed that Ripple’s XRP sales were unregistered securities transactions. Although a federal ruling in July 2023 deemed XRP sales on exchanges lawful, it also found Ripple’s institutional sales in violation, resulting in a $125 million fine—far below the SEC’s original $2 billion demand.

The SEC has since appealed the ruling, claiming it conflicts with existing Supreme Court precedents. The case now awaits judgment from the Second Circuit Court of Appeals, as Ripple continues to defend its stance against the regulator’s claims.

The Road Ahead for RLUSD

As Ripple positions RLUSD to lead in global crypto utility, its integration into enterprise payment systems is expected to further solidify Ripple’s role in bridging traditional finance and decentralized technologies. Whether it will trigger broader adoption or face early challenges remains to be seen, but the launch of RLUSD could mark a new chapter for Ripple’s ambitious ecosystem.

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