Ripple Launches RLUSD Stablecoin Test on Mainnets

<h1 class="d-none">Ripple Tests RLUSD Stablecoin on Ethereum Mainnet</h1> <h2 class="d-none">Ripple Expands RLUSD Stablecoin Testing Across Mainnets</h2> Ripple Tests RLUSD Stablecoin on Ethereum Mainnet

Ripple begins testing its USD-backed RLUSD stablecoin onXRP Ledger and Ethereum mainnets, aiming for future multi-chain deployment.

RLUSD is overcollateralized at a 1:1 ratio with USD reserves, with monthly transparency reports and third-party audits.

Ripple affirms the continued use of both XRP and RLUSD to serve markets amid rumors of shifting focus.

Users are cautioned against scammers as RLUSD remains in beta testing with no current availability for purchase or trading.

Ripple faces a $125-million penalty in the SEC lawsuit, with Ripple’s CEO calling it a "victory" against the initial $2-billion demand.

Despite positive developments, XRP Ledger transactions fell by 65.6% in Q2 2024, with an increase in average transaction costs.

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