{"id":136740,"date":"2024-09-04T17:30:07","date_gmt":"2024-09-04T14:30:07","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136740"},"modified":"2024-09-04T12:24:19","modified_gmt":"2024-09-04T09:24:19","slug":"ripples-ceo-teases-upcoming-rlusd-stablecoin-launch","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ripples-ceo-teases-upcoming-rlusd-stablecoin-launch\/","title":{"rendered":"Ripple&#8217;s CEO Teases Upcoming RLUSD Stablecoin Launch"},"content":{"rendered":"<p>Garlinghouse revealed that Ripple is currently testing RLUSD in a private beta and expects to make it available within a few weeks. The stablecoin is being evaluated across two different blockchains and is intended to complement Ripple\u2019s <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/xrp\/\">XRP<\/a><\/strong> tokens.<\/p>\n<p>He also discussed the broader stablecoin landscape, referencing the devaluation of USDC 18 months ago as an opportunity for Ripple to enter the market with a stablecoin backed by a company already well-integrated with financial institutions.<\/p>\n<p>The stablecoin market is <strong><a href=\"https:\/\/www.theblock.co\/data\/stablecoins\/usd-pegged\" rel=\"nofollow\">currently<\/a><\/strong> led by <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/tether\/\">USDT<\/a><\/strong>, which holds about 70% of the market share, followed by <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/usd-coin\/\">USDC<\/a><\/strong> at approximately 21%.<\/p>\n<p>Regarding Ripple\u2019s potential initial public offering (IPO) in the U.S., Garlinghouse expressed skepticism due to the SEC\u2019s unfavorable stance toward the cryptocurrency industry.<\/p>\n<p>He noted that while the SEC previously approved Coinbase\u2019s IPO, it is now suing the exchange for actions it had earlier permitted. Garlinghouse advised entrepreneurs to avoid listing their crypto ventures in the U.S. to sidestep significant legal obstacles.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At Korea Blockchain Week in Seoul, Ripple CEO Brad Garlinghouse shared that the company is nearing the launch of its new stablecoin, Ripple USD (RLUSD), which will be pegged to the U.S. dollar.<\/p>\n","protected":false},"author":3,"featured_media":31468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[280,424,71,223],"coin_category":[],"class_list":["post-136740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-coinbase","tag-crypto","tag-stablecoin","tag-xrp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ 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