In an exciting announcement at Ripple Swell, CEO Brad Garlinghouse revealed that the company’s much-anticipated stablecoin, Ripple USD (RLUSD), is set to launch as the “gold standard” for enterprise-grade stablecoins, emphasizing trust, liquidity, and regulatory compliance. Designed for efficiency and reliability, RLUSD is backed by U.S. Treasury bonds, dollar deposits, and cash equivalents, with monthly transparency reports audited by BPM accounting firm. Ripple is ready for operational launch, but is still awaiting final approval from the New York Department of Financial Services. The crypto community awaits the stablecoin’s arrival with anticipation.
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