Coin-Turk 17 minutes ago
3
Ripple 
$2 is preparing to launch its new stablecoin, RLUSD, which is pegged to the US dollar, on the XRP Ledger (XRPL) and Ethereum 
$3,969 blockchains. The stablecoin will be fully backed by cash reserves and can be exchanged at a one-to-one ratio with the US dollar.
Features of RLUSD and its Impact on XRP Demand
To enhance the reliability of RLUSD, Ripple will support the stablecoin entirely with cash reserves. This ensures that RLUSD can be converted to the US dollar at a one-to-one rate. The stablecoin will be available for transactions on both the XRP Ledger and Ethereum blockchains.
Experts suggest that there may be an increase in demand for XRP due to gas fees incurred during RLUSD transactions. RippleX account manager stated that the XRP Ledger EVM Sidechain…
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