Ripple has officially launched its USD-pegged stablecoin, RLUSD, across major cryptocurrency exchanges. This marks a significant step for the U.S.-based blockchain company in its mission to revolutionize global payments using blockchain technology.
RLUSD Launch: Key Details and Collaborations
Ripple announced the launch of RLUSD following its highly anticipated unveiling on December 16. The stablecoin became available on December 17 through partnerships with leading crypto platforms, including:
• Uphold
• MoonPay
• CoinMENA
• ArchaxEx
• Bitso
Additional partners such as Bullish, Mercado Bitcoin, Bitstamp, Zero Hash, and Independent Reserve are set to support RLUSD shortly.
Ripple CEO Brad Garlinghouse shared the news on X (formerly Twitter), emphasizing the importance of these partnerships in bringing RLUSD to a global audience.
RLUSD: Powered by Ethereum and XRP Ledger
RLUSD operates natively on both Ethereum and Ripple’s XRP Ledger, offering seamless integration with these blockchain networks. After overcoming regulatory delays, Ripple secured approval from the New York State Department of Financial Services earlier this month, enabling the stablecoin’s official rollout.
What Makes RLUSD Unique?
RLUSD is designed as an enterprise-grade stablecoin that bridges the gap between the stability of fiat currencies and the efficiency of blockchain technology. Its features include:
• Instant Settlements: Facilitating real-time transactions for global payments.
• Crypto On/Off Ramping: Enabling easy conversions between fiat and cryptocurrencies.
• Support for Tokenized Assets: Allowing users to engage with the growing market for tokenized real-world assets.
• DeFi Integrations: Unlocking decentralized finance opportunities, including collateralization and lending.
Ripple’s Senior Vice President of Stablecoins, Jack McDonald, described RLUSD as “mile 1 of the marathon,” signaling Ripple’s long-term vision to innovate in the stablecoin space.
RLUSD vs. Tether: Challenging the Market Leaders
Ripple’s RLUSD is poised to compete directly with stablecoin giants like Tether (USDT) and USD Coin (USDC), which dominate the market. By leveraging its regulatory compliance and robust blockchain infrastructure, RLUSD could become a serious contender in the stablecoin ecosystem.
XRP Rally Boosted by RLUSD Launch
Ripple’s XRP has seen a significant price rally following the RLUSD launch. Key statistics include:
• A 4% increase immediately after RLUSD’s debut.
• A 27% gain over the past week.
• A staggering 141% surge in the past month.
This rally highlights market confidence in Ripple’s expanding ecosystem and its potential to disrupt the stablecoin market.
Final Thoughts
The launch of RLUSD is more than just a milestone for Ripple—it’s a statement of intent. By combining regulatory compliance, blockchain efficiency, and strategic partnerships, Ripple is positioning itself as a leading player in the global stablecoin market. As adoption grows, RLUSD could reshape how businesses and individuals transact in a digital-first world.
