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Ripple Labs has initiated testing of its dollar-pegged stablecoin on the XRP Ledger (XRPL) and Ethereum mainnets. The asset is not yet accessible to users.
The team at Ripple Labs has announced the commencement of beta testing for the Ripple USD (RLUSD) stablecoin, which is pegged to the dollar, on the XRPL and Ethereum blockchains.
This stablecoin is currently being tested in transactions with Ripple Labs’ partners and is not yet available for public use. The company has cautioned users about potential scammers who may offer early access to RLUSD.
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Ripple Labs intends to launch RLUSD on additional blockchains in the future. The asset will be supported by U.S. dollar deposits, short-term U.S. government Treasuries, and other fiat funds held by the company. Representatives from Ripple Labs also indicated that the stablecoin will undergo third-party audits of its reserves, with attestations published on a monthly basis.
Amidst speculation regarding Ripple’s potential shift away from using the XRP token in favor of the new stablecoin, the company has affirmed its commitment to utilizing both assets.
Ripple aims to introduce its stablecoin in 2024, pending regulatory approval. Notably, the testing of RLUSD commenced two days following the court ruling in the SEC vs. Ripple Labs case, where the company was imposed a fine of $125 million.
Сообщение Ripple Tests RLUSD Stablecoin and Warns of Scammers появились сначала на CoinsPaid Media.
