Ripple Added New Info About RLUSD on its Official Website

Ripple Labs. recently added on its official website details about its upcoming stable coin that will be released later this year.

As of August 4, detailed information about Ripple’s stablecoin is available on the company’s website, noting that its availability is subject to regulatory approval.

The purpose of the stablecoin, RLUSD, is to store, buy, and trade U.S. dollars in the chain and for payments. The coin will be pegged to $1 and issued in both the XRP Ledger and the Ethereum blockchain.

At the time of writing, XRP was trading at $0.53, reflecting a 5% loss on the day and 12% overall over the past month, after losing key psychological support at $0.60.

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XRP could potentially extend its losses, reaching support at $0.50. If it dives into the imbalance zone between $0.4780 and $0.5136, it could fill the gap and try to recover. After this correction, XRP could rise towards $0.70.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.