ChainCatcher news, according to CoinDesk, Ripple Labs announced its upcoming USD-pegged stablecoin RLUSD's exchange and market maker partners are awaiting regulatory approval from the New York Department of Financial Services (NYDFS). Ripple has partnered with exchanges such as Bitstamp, Bitso, and Bullish, while Keyrock and B2C2 will serve as market makers for RLUSD.Ripple Labs President Monica Long stated that RLUSD will serve as an important bridge for payments and the tokenization of real assets, and will be backed by short-term U.S. Treasury bonds, dollar deposits, and cash equivalents. RLUSD is planned to be tested on the XRP Ledger and Ethereum network, with an expected launch in the near future.

ChainCatcher message, according to the latest report from CryptoQuant, stablecoin liquidity has reached a new high, largely thanks to Tether and Circle. Meanwhile, Ripple has entered the field with its new RLUSD token, and as of now, the market capitalization of Ripple's stablecoin RLUSD has surpassed 47 million dollars.

ChainCatcher message, Ripple announced on social media to remind users that its stablecoin Ripple USD (RLUSD) is still in the private testing phase.Ripple stated: "Although you may see on-chain activity, the token has not been officially released. Please be cautious of anyone claiming to distribute RLUSD. Stay tuned for the latest updates and be wary of potential scams."

ChainCatcher news, Ripple's Chief Technology Officer David Schwartz confirmed that the upcoming stablecoin RLUSD will initially be available only to institutional users.Schwartz also addressed concerns about market manipulation and money laundering, emphasizing the safeguards in place for RLUSD. "I think this is unlikely to happen unless it's very early in the testing phase, before anyone is actually using it to transfer or store value."Previous news, Ripple's CEO Brad Garlinghouse stated that the Ripple stablecoin RLUSD will be launched in the coming weeks.

ChainCatcher news, Ripple CEO Brad Garlinghouse stated during a fireside chat at Korea Blockchain Week that the company will launch its new stablecoin in "weeks, not months." Garlinghouse also criticized SEC Chairman Gary Gensler's stance on cryptocurrency, calling OpenSea's situation "unfortunate." The Ripple CEO expressed that he is more "optimistic" about the future of cryptocurrency over the next five years than ever before.When asked about a potential IPO, Garlinghouse said, "The SEC approved Coinbase to go public in the U.S., and now the SEC is suing Coinbase for the same reasons. When entrepreneurs consult me about starting a cryptocurrency company, my first piece of advice is: don't register your company in the U.S. It will only lead to more legal troubles."

ChainCatcher message, Ripple announced on social media that the stablecoin Ripple USD (RLUSD) is now in Beta testing on the XRP Ledger and Ethereum mainnet. However, RLUSD has not yet received regulatory approval, so it cannot be purchased or traded. The community should be wary of fraudsters claiming to own or distribute Ripple USD.Ripple stated that RLUSD is valued at a 1:1 ratio with the US dollar (USD) and is 100% backed by US dollar deposits, short-term US government bonds, and other cash equivalents. These reserve assets will be audited by a third-party accounting firm, and Ripple will publish proof monthly.

ChainCatcher news, Ripple announced on social media that its stablecoin Ripple USD (RLUSD) will be launched later this year. RLUSD is a 1:1 dollar-pegged stablecoin designed to provide transparency and stability for the XRP Ledger and Ethereum.

ChainCatcher news, according to Bitcoin.com, at the XRP Ledger community summit, Ripple CEO Brad Garlinghouse announced the name of Ripple's new stablecoin -- $RLUSD.Previous news, according to CoinDesk, Ripple will issue a dollar-backed stablecoin. The company stated that the token is planned to be issued "later this year" and will be "100% backed by dollar deposits, short-term U.S. government bonds, and other cash equivalents." The stablecoin will first be deployed on Ripple's institution-focused XRP Ledger and the Ethereum blockchain, and will be based on the Ethereum ERC-20 token standard.