Update (July 25, 12:10 pm UTC): This article has been updated to correct information related to Ethereum-issued RLUSD and rectify previous information about EVM sidechain-issued RLUSD.
Ripple USD, a stablecoin issued by XRP coin issuer Ripple, was initially marketed as an “enterprise-focused” stablecoin but has since gained traction among retail users.
Ripple officially introduced its data-ct-non-breakable=”null” href=”https://cointelegraph.com/explained/ripple-labs-rlusd-stablecoin-everything-you-need-to-know” title=”null”>Ripple USD (RLUSD) stablecoin in late 2024, with CEO Brad Garlinghouse data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/ripple-rlusd-stablecoin-launch-2024″ title=”null”>highlighting its institutional focus, setting RLUSD apart from competitors primarily focused on…
