XRP developer Ripple in Amsterdam XRP A new stablecoin was announced during the Ledger Community Summit (XRPL Apex). Ripple USD (RLUSD) announced that he introduced.
The announcement was made first by XRP Ledger and Ethereum It was made by the company’s CEO, Brad Garlinghouse, who announced that the stablecoin to be offered on will be supported by the US dollar at a ratio of 1:1.
Garlinghouse said, “The name of Ripple stablecoin is RLUSD; “I like to call it Real USD or Ripple USD,” he said. He noted that RLUSD complements the broader XRP ecosystem. However, the CEO did not announce the launch date of the stablecoin. The company’s official account stated that RLUSD will arrive later this year.
In addition to the stablecoin, the company’s development arm RippleX announced the development of the XRPL EVM Sidechain. This sidechain aims to bring Ethereum Virtual Machine (EVM) compatibility to XRP Ledger (XRPL) and open new opportunities for developers on XRP Ledger, particularly in the areas of DeFi and real-world asset tokenization.
The XRPL EVM sidechain will be connected to the XRPL mainnet via a bridge using wrapped XRP (eXRP) as the native asset and gas token.
*This is not investment advice.
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