Markets

Ripple's RLUSD Stablecoin Launching Tuesday Following Massive XRP Surge

Ripple will launch its U.S. dollar-pegged stablecoin called Ripple USD (RLUSD) on Tuesday, the company announced Monday. Backed by U.S. dollars, U.S. government bonds, and cash equivalents, Ripple said that the token will initially trade on platforms including MoonPay, Uphold, Bitso, Archax, and CoinMENA. RLUSD will be available across Ethereum and XRP Ledger, Ripple added. The anticipated launch follows a recent surge in the value of XRP, the token created by Ripple's co-founders that is used i...