Ripple launched RLUSD — its US dollar stablecoin — in late 2024, following regulatory approval. Unlike XRP, which has a floating market price, RLUSD maintains a 1:1 peg to the US dollar. RLUSD can be used on the XRP Ledger and on Ethereum, making it a versatile tool for cross-border institutional payments. When Ripple launched RLUSD, it caused a 13% surge in XRP price as whale activity intensified and sentiment around the Ripple ecosystem improved.
The combination of XRP (for bridging liquidity) and RLUSD (for stable-value settlement) gives Ripple a comprehensive payment stack. Financial institutions can use RLUSD for predictable settlement costs while XRP handles the speed and efficiency of the actual transfer. This dual-asset approach positions Ripple as a more complete alternative to SWIFT for international payments.
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