2024

Real USD

<ul>
 <li><strong>Ripple’s new stablecoin is named Real USD (RLUSD).</strong></li>
 <li><strong>Ripple Labs has launched a new product named, XRPL EVM Sidechain.</strong></li>
</ul>
<p>Ripple CEO Brad Garlinghouse announced the company’s much-anticipated new stablecoin, Real USD (RLUSD). Which happened at the XRP Ledger Community Summit 2024 (XRPL Apex) in Amsterdam. Further, the announcement was made during his keynote speech. That emphasizes Ripple’s ongoing journey with stablecoins and its dedication to expanding its ecosystem. <a href="https://thenewscrypto.com/ripple-ceos-cryptic-art-creates-buzz-in-the-xrp-community/" target="_blank" rel="noopener noreferrer nofollow">Garlinghouse</a> referred to it as “Real USD…Ripple USD.”</p>
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 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">‘The name of the <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Ripple</a> stablecoin, the <a href="https://twitter.com/search?q=%24RLUSD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$RLUSD</a>, I like to call it Real USD… Ripple USD’ – Brad Garlinghouse (<a href="https://twitter.com/bgarlinghouse?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@bgarlinghouse</a>) at <a href="https://twitter.com/hashtag/XRPLApex?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRPLApex</a> 2024 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f499.png" alt="💙" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/cRVsgnQLXQ" rel="noopener noreferrer nofollow">pic.twitter.com/cRVsgnQLXQ</a></p>— XRP Ledger Apex (@xrplapex) <a href="https://twitter.com/xrplapex/status/1800807452902039985?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 12, 2024</a>
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<p>Earlier this year, in April, Ripple announced its plan to launch its stablecoin. Another coin in addition to XRP, pegged 1:1 to the US dollar. The vision behind this stablecoin is to bridge the gap between traditional finance and decentralized finance. It will introduced first in the United States, Ripple has not ruled out releasing more regional versions in markets outside the country, including Europe and Asia.</p>
<h3 class="wp-block-heading" id="h-ripple-in-growth-phase">Ripple In Growth Phase?</h3>
<p>Amidst these developments, the Ripple network has been undergoing major updates. Recently, they announced the completion of its acquisition of Standard Custody &amp; Trust Company, a regulated digital asset custodian. This acquisition turned as a pivotal move by the community. Which also aligns with Ripple’s strategy to bolster its enterprise infrastructure solutions. These solutions, powered by blockchain and digital asset technology, enable institutional customers to tokenize, store, move, and exchange value more efficiently.</p>
<p>Besides, in a recent official announcement, Ripple unveiled a new product, the XRPL EVM Sidechain. The sidechain aims to unlock new opportunities for XRPL developers in decentralized finance (DeFi) and real-world asset (RWA) tokenization, driving innovation and expanding the network’s <a href="https://thenewscrypto.com/ripples-xrp-faces-volatility-amidst-broader-crypto-market-downturn/" target="_blank" rel="noopener noreferrer nofollow">utility</a> and reach.</p>
<p>The announcement began with, “The future of blockchain is multi-chain, and the Ripple team is bringing Ethereum Virtual Machine (EVM) compatibility to XRP Ledger (XRPL).” It is set to launch with Axelar as the bridge to source the native gas token of the sidechain (eXRP) from the <a href="https://x.com/RippleXDev/status/1800808048027701355" target="_blank" rel="noopener noreferrer nofollow">XRPL</a>.</p>
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Ripple CEO Unveils Anticipated Stablecoin Name at XRP Ledger Community Summit’24

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