Blockchain company Ripple (XRP) based in San Francisco has issued a new 1 million RLUSD stablecoin tokens. This move comes after issuing 2 million tokens on February 1st. Ripple’s dollar-pegged stablecoin had a market value of over $100 million in early January, highlighted by Brad Garlinghouse, Ripple’s CEO. Additionally, Jack McDonald, Ripple’s Senior Stablecoin Officer, stated that this digital asset has gained significant acceptance in the market. The current market value of this stablecoin is close to $110 million. Monica Long, Ripple’s Head, emphasized that trust and compliance are key factors in the growing stablecoin market. She considered the issuance of RLUSD another significant step for the company to bridge the gap between traditional financial systems and blockchain technology. Some major exchanges, including Bitstamp, have listed this stablecoin, with more expected to follow soon. It’s worth mentioning that with the implementation of the ‘AMMClawback’ amendment on the Ripple Ledger (XRPL) blockchain, the RLUSD token can now be used in DeFi pools. This amendment is essential for compliance and enables token recovery in case of illegal transactions. According to the latest data, the XRP/RLUSD liquidity pool currently holds $1.3 million in liquidity. You can track the real-time prices of all digital tokens and cryptocurrencies on the live digital assets price page.
