Ripple is set to launch its USD-backed stablecoin, Ripple USD (CRYPTO: RLUSD), on Tuesday. Following the announcement, Ripple’s native coin XRP (CRYPTO: XRP) is up 4% on the day, having surged 130% over the past month.

Ripple RLUSD stablecoin launches Dec 17, backed by US dollar assets, set for exchanges worldwide with third-party asset attestations.

The dollar-pegged Ripple USD (RLUSD) will begin trading Tuesday across Ethereum and XRP Ledger, Ripple said Monday.

Ripple Labs mints 13.9 million RLUSD tokens across XRP Ledger and Ethereum Network during final testing phase, while XRP price reaches $2.35 amid growing anticipation for the regulated stablecoin's launch.

Ripple has finally announced that the launch of its highly-anticipated stablecoin RLUSD is all set for tomorrow. Fox Business journalist Eleanor Terrett

Ripple's CTO David Schwartz cautioned investors about potential volatility and a "supply shortage" following the launch of RLUSD.

XRP is soaring after its creator, Ripple, announced that its planned and unrelated RLUSD stablecoin has finally received regulatory approval and is preparing to launch “soon.” XRP is up 11% in the last 24 hours,

David Schwartz cautions that RLUSD, Ripple's new stablecoin, might face initial price surges due to supply shortages but expects stabilization.

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,

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