Ripple USD (RLUSD) has already hit the market. As expected, today, December 17, 2024, the new digital asset is on several bitcoin (BTC) and cryptocurrency exchanges.
As CriptoNoticias has reported, It is a stablecoin that maintains price parity with the US dollar.
Initially, RLUSD can be traded on Uphold, Bitso, MoonPay, Archax and CoinMENA. It will later reach other exchanges, including Bullish, Bitstamp, Mercado Bitcoin, Independent Reserve and Zero Hash, among others.
In the midst of this noveltythe price of XRP (volatile cryptocurrency also issued by Ripple) is on the rise.
Each XRP is trading at $2.65 at the time of this publication.
RLUSD is active on the Ethereum and XRP Ledger networks. The latter is a decentralized network that uses XRP to pay commissions. Therefore, it is expected that if RLUSD is a successful product, it will further favor the XRP price.