‼️Ripple has announced that the Ripple RLUSD stablecoin will be tradable starting today, December 17th‼️

🔺 The RLUSD coin is a dollar-backed stablecoin that is fully backed by dollar deposits, short-term US government treasury bonds, and other cash equivalents.

🔺 In the past two weeks, more than $65.9 million in RLUSD has been minted, of which $13.3 million was placed on the XRPL platform and $52.9 million on the Ethereum network.

🔹With this launch, RLUSD will compete with other prominent stablecoins such as USDC and Tether🔹

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Python language programmer .
Active in Web 3 and cryptocurrency.