Alchemy Pay (ACH) just plugged Ripple's (XRP) fresh RLUSD stablecoin into its global on ramp and did it with almost boring ...

Alchemy Pay has turned to Ripple to improve fiat-to-crypto conversions for users, leaning on its RLUSD stablecoin.

As the launch of RLUSD drives volume to the XRP ledger, investors are also rushing to buy XRP, which is used to settle transaction fees on the blockchain. The currency is up 6% in 24 hours ...

Market arbitrage helps stabilize its price: if RLUSD trades below $1, traders buy it to redeem at par, raising demand; if above $1, they mint more, increasing supply. Security features make RLUSD ...

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 ...

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.