Since early April, Ripple’s newly launched stablecoin, RLUSD ($1.00), has garnered significant attention with an issuance exceeding $100 million. This digital currency, pegged to the US dollar at a 1:1 ratio, has rapidly attracted interest in the market. RLUSD stands out due to its compatibility with traditional financial systems and its advanced security features. Integrated into Ripple’s payment infrastructure, this product may signal a new direction in payment technologies.
Structure and Support Mechanism of RLUSD
Ripple’s RLUSD is characterized as a stablecoin pegged to the US dollar. The value of this token is fully supported by actual US dollar deposits, short-term treasury bills, and cash-like assets. This ensures users can trust that a real asset reserve backs the token, aiming to meet stability expectations while enhancing user confidence.
RLUSD can operate on both the XRP ($1.88) Ledger and Ethereum 
$1,824 blockchains. This dual-chain support allows the product to be utili...
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