This move marks Ripple's entry into the world of stablecoins and is expected to have a major impact on the cryptocurrency market. What is $RLUSD? $RLUSD is a new stablecoin developed by Ripple that will be pegged to the US dollar. This means that for every $1 USD, there will be 1 $RLUSD. The aim of this stablecoin is to provide a stable and secure digital currency that can be used for everyday transactions without the volatility commonly associated with cryptocurrencies. Why is it important for Ripple? Ripple has been a major player in the world of cross-border payments and remittances, with its cryptocurrency XRP being used as a bridge currency for these transactions. However, the high volatility of XRP has been a major barrier for its adoption as a means of payment. By introducing $RLUSD, Ripple is addressing this issue and providing a stable and reliable digital asset that can be used for everyday transactions. How will it impact the market? The introductio...
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