Ripple announces the launch of its RLUSD stablecoin on Tuesday, December 17, 2024, as XRP token rises 8% following the news.

Ripple (XRP) confirmed in a press release on Monday that its RLUSD stablecoin will officially launch on Tuesday across exchanges, including MoonPay, Uphold, CoinMENA, Bitso and ArchaxEx. Bullish sentiments surrounding the launch could help XRP overcome the $2.58 and $2.92 resistance levels.

Ripple’s much-anticipated fiat-backed stablecoin, Ripple USD (RLUSD), is generating major buzz ahead of its launch today.

Blockchain company Ripple is releasing its own long-awaited stablecoin tomorrow after receiving approval from the New York Department of Financial Services (NYDFS) last week. The coin, named RLUSD, is an effort to advance Ripple’s goal of becoming the go-to network for international payments.

Ripple has announced the launch of RLUSD, its U.S. dollar-backed stablecoin, set to debut on Dec. 17. The stablecoin received final approval from the New York Department of Financial Services (NYDFS) on Dec.

Crypto firm Ripple Labs announced on Monday the launch of a U.S. dollar-pegged stablecoin after securing approval from the New York State Department of Financial Services last week. The token, dubbed RLUSD,

Ripple received approval to issue RLUSD from the New York State Department of Financial Services earlier this month.

Ripple has finally announced that the launch of its highly-anticipated stablecoin RLUSD is all set for tomorrow. Fox Business journalist Eleanor Terrett shared that the stablecoin will initially be accessible on Uphold,