According to BlockBeats, on September 9, Ripple Chief Technology Officer David Schwartz confirmed that the upcoming stablecoin RLUSD will initially only be open to institutions.
Schwartz also responded to concerns about market manipulation and money laundering, highlighting RLUSD’s safeguards. “I think that’s unlikely to happen except in the very early testing phases, before anyone is actually using it to transfer or store value.”
BlockBeats previously reported that according to BlockBeats, on September 4, Ripple CEO Brad Garlinghouse said that Ripple’s stablecoin RLUSD will be launched in the next few weeks.
