{"id":812518,"date":"2024-12-17T21:15:05","date_gmt":"2024-12-18T03:15:05","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/17\/ripples-rlusd-stablecoin-set-to-launch-tomorrow-as-xrp-token-jumps-8\/"},"modified":"2024-12-17T21:15:05","modified_gmt":"2024-12-18T03:15:05","slug":"ripples-rlusd-stablecoin-set-to-launch-tomorrow-as-xrp-token-jumps-8","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/17\/ripples-rlusd-stablecoin-set-to-launch-tomorrow-as-xrp-token-jumps-8\/","title":{"rendered":"Ripple\u2019s RLUSD stablecoin set to launch tomorrow as XRP token jumps 8%"},"content":{"rendered":"<div data-id=\"157386\" data-url=\"https:\/\/cryptobriefing.com\/ripple-rlusd-stablecoin-go-live\/\">\n<section>\n<div>\n<p><a href=\"https:\/\/cryptobriefing.com\/business\/\" rel=\"tag\"><br \/>\n                    Business                <\/a>\n                    <\/p>\n<\/div>\n<p><span><span><a href=\"https:\/\/cryptobriefing.com\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/cryptobriefing.com\/business\/\">Business<\/a><\/span> \u00bb <span aria-current=\"page\">Ripple\u2019s RLUSD stablecoin set to launch tomorrow as XRP token jumps 8%<\/span><\/span>        <\/p>\n<div>\n<div>\n<p><span>by<\/span><\/p>\n<div>\n<p><a data-author_id=\"38186\" href=\"https:\/\/cryptobriefing.com\/team\/estefano-gomez\/\" rel=\"author\">Estefano Gomez<\/a><\/p>\n<\/div><\/div>\n<p><time datetime=\"2024-12-16T16:43:36+00:00\"><br \/>\n                        Dec. 16, 2024                    <\/time>\n                            <\/p>\n<\/p><\/div>\n<\/section>\n<section>\n<h2>RLUSD will be available on major exchanges Uphold, Bitso, MoonPay, and also on the Ethereum blockchain.<\/h2>\n<\/section>\n<section>\n            <picture><source media=\"(min-width: 850px)\" ><img decoding=\"async\" fetchpriority=\"high\" src=\"http:\/\/cryptobriefing.com\/ee0e11d7-5f34-4117-8460-05911d01f379.jpg\" alt=\"Ripple's RLUSD stablecoin set to launch tomorrow as XRP token jumps 8%\" title=\"http:\/\/cryptobriefing.com\/ee0e11d7-5f34-4117-8460-05911d01f379.jpg\">\n            <\/picture>\n        <\/section>\n<p>Photo: Ripple<\/p>\n<section>\n<section>\n<h3>Key Takeaways<\/h3>\n<ul>\n<li>Ripple announces RLUSD stablecoin launch for December 17, 2024.<\/li>\n<li>XRP token surges 8% on RLUSD news, reaching $2.56 with a $146 billion market cap.<\/li>\n<\/ul>\n<\/section>\n<section>\n<p>Share this article<\/p>\n<\/section>\n<p>        <?xml encoding=\"UTF-8\"><\/p>\n<p>Ripple has <a href=\"https:\/\/ripple.com\/ripple-press\/raising-the-standard-for-stablecoins-ripple-usd-launches-globally\/\" target=\"_blank\" rel=\"noopener nofollow noreferrer\">officially announced<\/a> that its USD-backed stablecoin, Ripple USD (RLUSD), will launch on Tuesday, December 17, 2024.<\/p>\n<p>Initially, the stablecoin will be available on exchanges including Uphold, Bitso, MoonPay, Archax, and CoinMENA, with additional listings expected on Bullish, Bitstamp, Mercado Bitcoin, Independent Reserve, Zero Hash, and more in the coming weeks.<\/p>\n<p>RLUSD will be fully backed by US dollar deposits, US government bonds, and cash equivalents, according to Ripple\u2019s press release.<\/p>\n<p>As part of its commitment to transparency, Ripple will publish monthly third-party attestations of RLUSD\u2019s reserves conducted by an independent auditing firm.<\/p>\n<blockquote>\n<p>\u201cEarly on, Ripple made a deliberate choice to launch our stablecoin under the NYDFS limited purpose trust company charter, widely regarded as the premier regulatory standard worldwide,\u201d said Brad Garlinghouse, Ripple\u2019s CEO.<\/p>\n<\/blockquote>\n<p>RLUSD will operate on both the XRP Ledger and Ethereum blockchains, offering flexibility and scalability for cross-border payments and DeFi integration across multiple blockchains.<\/p>\n<p>Ripple Payments plans to integrate RLUSD into its global payment network, which has already processed over $70 billion in payments volume across more than 90 payout markets.<\/p>\n<p>Raghuram Rajan, former Reserve Bank of India Governor, and Kenneth Montgomery, former Federal Reserve Bank of Boston COO, have joined RLUSD\u2019s advisory board.<\/p>\n<p><html><body><\/p>\n<div class=\"ad-banner mrec-in-article\"><\/div>\n<p><\/body><\/html><\/p>\n<blockquote>\n<p>\u201cStablecoins could become the backbone of private payments by offering a secure, scalable, and efficient alternative to traditional systems,\u201d said Rajan.<\/p>\n<\/blockquote>\n<p>Ripple\u2019s XRP token also saw a surge following the announcement, jumping 8% and trading at $2.56, with a market cap of $146 billion.<\/p>\n<p>This places XRP as the third-largest crypto asset by market cap, surpassing Tether (USDT), which holds a market cap of $140 billion.<\/p>\n<section class=\"article-share\">\n<p>Share this article<\/p>\n<div class=\"social-icons\">\n          <button class=\"social-icon share\" data-href=\"https:\/\/x.com\/intent\/tweet?text=Ripple%E2%80%99s+RLUSD+stablecoin+set+to+launch+tomorrow+as+XRP+token+jumps+8%25&#038;url=https%3A%2F%2Fcryptobriefing.com%2Fripple-rlusd-stablecoin-go-live%2F&#038;via=crypto_briefing\" aria-label=\"Share on x\"><br \/>\n        <?xml version=\"1.0\" encoding=\"UTF-8\"?><br \/>\n                <svg width=\"40px\" height=\"40px\" viewBox=\"0 0 40 40\" version=\"1.1\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n                <g id=\"surface1\">\n                <path style=\" stroke:none;fill-rule:nonzero;fill:rgb(0%,0%,0%);fill-opacity:1;\" d=\"M 17.867188 0.148438 C 10.839844 0.878906 4.558594 5.507812 1.707031 12.054688 C -0.132812 16.28125 -0.441406 21.148438 0.867188 25.625 C 2.480469 31.214844 6.652344 35.933594 12.054688 38.292969 C 16.28125 40.132812 21.148438 40.4375 25.628906 39.132812 C 32.332031 37.199219 37.613281 31.695312 39.347656 24.851562 C 42.054688 14.132812 35.414062 3.171875 24.667969 0.613281 C 22.304688 0.0546875 20.226562 -0.09375 17.867188 0.148438 Z M 18.132812 12.535156 C 19.839844 14.800781 21.28125 16.667969 21.332031 16.667969 C 21.386719 16.667969 23.160156 14.800781 25.253906 12.535156 L 29.078125 8.398438 L 31.253906 8.398438 L 30.785156 8.894531 C 30.519531 9.171875 28.785156 11.054688 26.933594 13.066406 C 25.078125 15.078125 23.265625 17.039062 22.90625 17.398438 L 22.265625 18.078125 L 27.265625 24.734375 C 30.011719 28.398438 32.265625 31.441406 32.265625 31.492188 C 32.265625 31.558594 30.628906 31.601562 28.640625 31.601562 L 25 31.585938 L 21.613281 27.054688 C 19.28125 23.921875 18.1875 22.574219 18.078125 22.652344 C 18 22.71875 16.105469 24.761719 13.867188 27.1875 L 9.800781 31.601562 L 8.773438 31.601562 C 8.199219 31.601562 7.734375 31.574219 7.734375 31.535156 C 7.734375 31.492188 9.851562 29.171875 12.441406 26.386719 C 15.011719 23.601562 17.148438 21.265625 17.171875 21.226562 C 17.1875 21.171875 15.066406 18.28125 12.464844 14.800781 C 9.867188 11.332031 7.734375 8.464844 7.734375 8.441406 C 7.734375 8.414062 9.371094 8.398438 11.386719 8.398438 L 15.039062 8.398438 Z M 18.132812 12.535156 \" \/>\n                <path style=\" stroke:none;fill-rule:nonzero;fill:rgb(0%,0%,0%);fill-opacity:1;\" d=\"M 11.027344 10.1875 C 11.082031 10.28125 14.441406 14.785156 18.464844 20.171875 L 25.800781 29.988281 L 27.441406 30 C 28.453125 30 29.066406 29.945312 29.039062 29.867188 C 29.027344 29.800781 25.679688 25.292969 21.628906 19.867188 L 14.238281 10 L 12.585938 10 C 11.214844 10 10.933594 10.027344 11.027344 10.1875 Z M 11.027344 10.1875 \" \/>\n                <\/g>\n                <\/svg>      <\/p>\n<\/section>\n<\/div>\n<p><a href=\"https:\/\/cryptobriefing.com\/ripple-rlusd-stablecoin-go-live\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Estefano Gomez<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business Home \u00bb Business \u00bb Ripple\u2019s RLUSD stablecoin set to launch tomorrow as XRP token jumps 8% by Estefano Gomez Dec. 16, 2024 RLUSD will be available on major exchanges Uphold, Bitso, MoonPay, and also on the Ethereum blockchain. Photo: Ripple Key Takeaways Ripple announces RLUSD stablecoin launch for December 17, 2024. XRP token surges<\/p>\n","protected":false},"author":1,"featured_media":812519,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29469,140013],"tags":[],"class_list":{"0":"post-812518","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ripples","8":"category-rlusd"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/812518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=812518"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/812518\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/812519"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=812518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=812518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=812518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}