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- Ripple expands into stablecoins with RLUSD, aiming to simplify cross-border payments.
- Blockchain’s impact extends beyond finance, says Ripple in new social media announcement.
- Major exchanges Bitget and Euler Labs list Ripple’s RLUSD, signaling wider adoption.
Ripple has made progress in the financial sector after introducing its stablecoin RLUSD. The company shared news of this progress on its X social media page.
The San Francisco-based blockchain firm stated that blockchain is reshaping not only finance but also a wide range of industries. A video added to the post explained how Ripple provides services in payments, asset protection, and stablecoins.
As part of its efforts to boost cross-border transactions, Ripple introduced RLUSD in December last year. Ripple has since added stablecoin functionality, so users can now use it for transfers instead of just XRP.
Through RLUSD, Ripple wants to allow parties to make quicker and more convenient payments across borders without using banks. This approach follows the company’s bigger goal of building a blockchain-based financial infrastructure.
The industry of cross-border payments is currently worth nearly $32 trillion. According to forecasts, it may reach $50 trillion over the next ten years.
Ripple’s post highlighted how blockchain enables faster settlements and reduces transaction costs. This technology removes the need for many intermediaries, making it simpler for money to travel.
RLUSD Gains Momentum With New Exchange Listings
This week, both Bitget and Euler Labs announced that they will support RLUSD. New listings are a key way for the stablecoin to reach a larger audience.
People in the XRP community responded fast to the news, showing both interest and skepticism. A few were pleased with what Ripple did, but others said the company should have clarified the details earlier.
A user claimed Ripple made more XRP available for circulation as RLUSD was released. Due to this, there was a discussion about the way XRP is managed and the company’s plans for the future.
Even though opinions are mixed, Ripple is still championing its blockchain-based options. The focus continues to be on providing safe, fast, and reasonably priced financial aid to users worldwide.
By introducing RLUSD, Ripple is showing its growth in the field of financial technology. While blockchain reforms how payments are processed, Ripple plays an important part in shaping the digital financial world.
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