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 (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 is launching its RLUSD stablecoin on December 17, offering a compliant and transparent digital asset backed by U.S. dollar reserves.

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 CTO explains why RLUSD exceeded $1,200 pre-launch, citing supply shortages and high demand, with price expected to stabilize at $1.

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

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

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

Ripple has announced the stablecoin RLUSD will go live on exchanges on December 17, 2024. The launch comes a few days after the company revealed it received regulatory approval. Ripple’s stablecoin Ripple USD (RLUSD) is finally going live,

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.