Ripple Unicorn News: Ripple Debuts RLUSD Stablecoin To Challenge Market Leaders

Ripple Unicorn News - October 15, 2024

Ripple has launched a new stablecoin, RLUSD, pegged to the U.S. dollar, aiming to compete with established players like Tether and USD Coin. The stablecoin is backed by U.S. dollar deposits and government bonds, with enhanced governance features including the appointment of former FDIC chair Sheila Bair to its advisory board.

Sources
https://www.channelnewsasia.com/business/ripple-challenges-industry-giants-new-stablecoin-4679851

Outline
(00:00:00) Introduction
(00:00:33) Ripple Launches New Stablecoin, Aiming to Disrupt Dominant Market Players

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