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RLUSD is backed 1:1 by the U.S. dollar, meaning the company has promised to hold an equivalent sum of dollars in a reserve to collateralize each stablecoin that it issues.
RLUSD, which has been in development since April, will join the growing ranks of stablecoins backed by the U.S. dollar, once it is approved by the New York Department of Financial Services.
XRP is soaring after its creator, Ripple, announced that its planned and unrelated RLUSD stablecoin has finally received regulatory approval and is preparing to launch “soon.” XRP is up 11% in ...
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RLUSD, which received regulatory approval from the New York Department of Financial Services last week, is part of a larger effort by Ripple to become the go-to payment network for cross-border ...
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