Ripple issued 13.9 million stablecoins RLUSD on the XRP Ledger and Ethereum after approval from the New York Department of Financial Services (NYDFS). RLUSD is fully backed by U.S. Treasury bonds and complies with strict regulatory requirements. Amid these events, the price of XRP rose to $2.35. The integration of RLUSD into DeFi may increase demand for XRP through liquidity pools and automated market makers.
12/13/2024 1:34:28 PM (GMT+1)
Ripple issued 13.9 million stablecoins RLUSD on the XRP Ledger and Ethereum after NYDFS approval, backing them with U.S. Treasury bonds and preparing for integration into DeFi 🚀
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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