RLUSD is backed 1:1 by the U.S. dollar, meaning the company has promised to hold an equivalent sum of dollars in a reserve to collateralize each stablecoin that it issues. McDonald says that RLUSD ...

As such, RLUSD might not have enough liquidity to maintain its peg effectively in the first few hours after it goes live, meaning there may be some price discrepancies from the intended $1 peg.

According to Ripple Labs, the upcoming stablecoin will be overcollateralized, meaning that each unit of RLUSD is backed by USD reserves or short-term cash equivalents in a bank, at a ratio of 1:1 ...

Ripple's RLUSD stablecoin launch on Dec. 17 hasn't sparked significant XRP price rally, with XRP down 4% since launch day. RLUSD expected to enhance XRP ecosystem liquidity and potentially drive ...

Ripple president Monica Long expects its Ripple USD (RLUSD) stablecoin to be listed on major crypto exchanges “imminently.” In a Jan. 7 interview with Bloomberg, Long confirmed that Ripple is ...

Payments firm Ripple has pledged $25 million to support educational initiatives in the U.S., with most of the disbursement in its RLUSD stablecoin. The funds will be distributed throughout 2025.

$XRP has been trending over the past few weeks after it finally broke $1 The token overtook two long-time greats within a day: Solana and Tether Ripple is expected to ...

Schwartz said that the price of RLUSD will stabilize near $1 as supply and demand equilibrate. Ripple has received NYDFS regulatory approval, ensuring compliance for operating in New York.

Ripple has partnered with Chainlink to enhance the adoption and functionality of its Ripple USD (RLUSD) stablecoin within decentralized finance (DeFi). This partnership integrates Chainlink’s ...