The stablecoin will become broadly available to crypto users on the XRP Ledger and Ethereum networks starting Tuesday.
Ripple will begin rolling out its U.S. dollar stablecoin to the public on Tuesday, December 17.The company's CTO warned of RLUSD price volatility due to early demand, with some traders willing to buy a token for as much as $1,200 per coin.
RLUSD will be initially listed on several exchanges and crypto platforms including Uphold, MoonPay, Archax and CoinMENA, the company said in a press release, with further listings on Bitso, Bullish, Bitstamp, Mercado Bitcoin and Independent Reserve, Zero Hash and others in the coming weeks. The launch follows Ripple CEO Brad Garlinghouse's announcement last week that RLUSD sealed "final approval" from the New York Department of Financial Services, paving the way for rolling out the stablecoin for the public from its. RLUSD is fully backed by U.S. dollar deposits, U.S. government bonds and cash equivalents and aims to keep a steady price at $1.
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