Ripple to Roll Out RLUSD Stablecoin on Dec. 17, Adds Former Central Bankers to Advisory Board

Quick Summary:

The stablecoin will become broadly available to crypto users on the XRP Ledger and Ethereum networks beginning on Tuesday.

RLUSD is fully backed by U.S.dollar deposits, U.S.government bonds and cash equivalents and aims to keep a steady price at $1.

He was CEO of Standard Custody & Trust, a company acquired by Ripple earlier this year that holds a New York Trust license.

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Article Details

Author / Journalist: Krisztian Sandor

Category: Crypto

Markets: United StatesCubaHungaryIndia

Topics: Ripple Stablecoin Finance XRP

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 16:00:50 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 565 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 19 words per sentence (average)

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Copyright Owner: © CoinDesk

News ID: 24444481

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