TL;DR: Ripple launches RLUSD stablecoin on December 17 to improve its payments system, with major advisors backing the move.
Ripple is all set to launch its new RLUSD stablecoin on December 17. RLUSD is pegged 1:1 to the U.S. dollar, and Ripple is hoping to grab a spot in the stablecoin market, currently led by USDT (Tether) and USDC.
Why RLUSD Is Important RLUSD isn’t just another stablecoin. It fits perfectly into Ripple’s plan to make cross-border payments faster, cheaper, and easier. Ripple’s On-Demand Liquidity (ODL) system already uses XRP for quick global transactions. RLUSD will make the system even stronger by adding stability and more liquidity, helping businesses and banks move money smoothly.
The stablecoin market is already huge, with a total value of over $120 billion. Ripple clearly wants to grab its share of this booming space—and it’s going all in.
Big Names Joining the Team Ripple is also bringing in some top talent. They’ve added former central bankers and financial experts to their advisory board. These experts will help Ripple handle regulations and build trust with big financial players.
Ripple’s CEO Brad Garlinghouse has said stablecoins are a huge opportunity. RLUSD, according to him, will help Ripple bring blockchain technology into real-world use, especially as demand for better, more transparent payment tools grows.
Amelia is a senior writer at Blockiance, focusing on the cultural implications of NFTs and digital ownership. Holding a master’s in media studies, she combines her academic background with a passion for storytelling to explore how Web3 technologies reshape creative industries.
