RLUSD, a stablecoin by Ripple Labs, is pegged to the US dollar, ensuring a 1:1 value backed by cash or equivalents. Related posts: Ripple announces exchange partners for RLUSD stablecoin NY financial regulator approves Ripple stablecoin — Brad Garlinghouse Ripple CTO says to expect shortage of RLUSD at launch, but don’t FOMO XRP rally and RLUSD anticipation fuel activity on Xaman Wallet
