Ripple (XRP) added information on its stablecoin to its official website.
Ripple stablecoin page is live on the official website on August 4. XRP traders are awaiting a ruling in the SEC lawsuit, in its Q2 2024 report Ripple discussed the legal battle. XRP extended losses by 1% and the altcoin’s value is down nearly 8% in the past week. Ripple added information on its stablecoin to its official website. The stablecoin is slated for launch later this year.
Ripple’s stablecoin details have been made official on the firm’s website, as of August 4. The website issues a disclaimer that the stablecoin will be available subject to “regulatory approval.” Ripple describes its stablecoin as a means to hold, buy and trade USD on-chain and for payments. Ripple’s RLUSD is being designed to maintain its peg with 1 USD and will be issued on both the XRP Ledger and the Ethereum blockchain. XRP could extend losses by nearly 9% XRP could extend losses by 8.
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