Ripple Launches RLUSD Stablecoin on XRP Ledger and Ethereum

Ripple has introduced RLUSD, a new USD-pegged stablecoin that operates on both the XRP Ledger and Ethereum. This move aims to provide a stable unit of account to Ripple's payment network, which already handles fast and low-cost transactions.

The RLUSD token is backed by US dollar deposits, short-term US Treasuries, and cash equivalents, with Ripple maintaining reserves to support the peg. The stablecoin's reserve composition mirrors that of other regulated fiat-backed stablecoins like USDC.

RLUSD is designed for cross-border payments and DeFi use cases, allowing liquidity providers to hold it as a settlement bridge rather than using XRP directly. This gives Ripple's payment infrastructure a broader reach and reduces exposure to XRP price swings during transactions.