TL;DR
Ripple plans to launch a stablecoin, Ripple USD (RLUSD), in 2024 on the XRP Ledger and Ethereum, despite SEC’s criticism.
Meanwhile, XRP’s price is down, but some analysts see the current level as a buying opportunity.
What’s New Around Ripple?
One of Ripple’s latest developments is its upcoming stablecoin pegged to the American dollar, which should serve as a bridge between traditional finance and the crypto industry.
Earlier this week, the company said it will be named Ripple USD (ticker RLUSD) and will be available on the XRP Ledger and Ethereum. The launch is scheduled for 2024, but the exact date remains unknown.
Despite not being live yet, the stablecoin has already received criticism from the United States Securities and Exchange Commission (SEC) which