RLUSD, hotly anticipated XRPL-based stablecoin by Ripple, might be released today
Justin Sun, Tron's founder and BitTorrent owner, has hinted at a potential RLUSD release on Tron . Meanwhile, the community is expecting the asset to go live today, Dec. 4, 2024, following highly anticipated New York regulator approval.Ripple USD, a novel USD-pegged stablecoin by U.S. fintech giant Ripple, might be deployed to Tron . In a semi-ironic manner, Tron's Justin Sun hinted at the potential of such a launch on his personal X, where he has 3.7 million followers.
As covered by U.Today previously, Tron surprisingly lost its status as the largest blockchain by the number of USDT stablecoins issued.After about 2.5 years of dominance, it was dethroned by Ethereum . The potential RLUSD release would help Tron to reclaim its status as the #1 blockchain for stablecoins.Despite Tether's announcement, Tron's core cryptocurrency TRX set a new all-time high today. In 24 hours, its price added over 80%.
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