Ripple to Launch RLUSD Stablecoin on Ethereum Main Chain and XRPL
TL;DR Ripple will launch its new stablecoin, RLUSD, on the Ethereum main chain and XRP Ledger (XRPL), projecting growth in the stablecoin industry to $2.9–$3 trillion
Ripple is a digital payment protocol and cryptocurrency founded in 2012. Its native cryptocurrency, XRP, is used to facilitate fast and low-cost international money transfers.
Ripple’s network operates on a decentralized blockchain, but unlike Bitcoin and other cryptocurrencies, it does not require mining. Instead, transactions are validated through a consensus algorithm, which allows for faster processing times and lower fees. Ripple’s technology has been adopted by various financial institutions and payment networks, making it a popular choice for cross-border payments and remittances.
TL;DR Ripple will launch its new stablecoin, RLUSD, on the Ethereum main chain and XRP Ledger (XRPL), projecting growth in the stablecoin industry to $2.9–$3 trillion
TL;DR Ripple and Archax Partnership: Ripple has expanded its partnership with Archax to tokenize hundreds of millions of dollars in real-world assets on the XRP Ledger,
TL;DR Ripple Labs and Axelar partner to launch the XRPL EVM Sidechain, integrating compatibility with the Ethereum Virtual Machine (EVM). The new sidechain will facilitate interoperability
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TL;DR Expansion and Goals: The DeRec Alliance has expanded with new members Ripple and XRPL Labs, joining forces with Algorand Foundation and Swirlds Labs to address
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