Coin

<ul class="wp-block-list news-points">
 <li><strong>Ripple CTO David Schwartz asserts that RLUSD will be initially accessible only to institutions.</strong></li>
 <li><strong>Schwartz guarantees RLUSD will be less vulnerable to market manipulators and money launderers.</strong></li>
 <li><strong>Ripple’s XRP remains on a bearish track despite anticipations of the imminent RLUSD launch.</strong></li>
</ul>
<p>Ripple’s Chief Technology Officer, David Schwartz, has confirmed that the much-anticipated stablecoin RLUSD will initially be exclusively available to institutions. This news comes ahead of regulatory approval and the official launch of Ripple’s “Real USD.”</p>
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   <p lang="en" dir="ltr">I don't think that's likely to happen except maybe in very early test phases before anyone is really using it to move or store value.</p>— David "JoelKatz" Schwartz (@JoelKatz) <a href="https://twitter.com/JoelKatz/status/1832670940053798987?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 8, 2024</a>
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<p>Schwartz also addressed concerns about market manipulation and money laundering, emphasizing RLUSD’s safeguards and drawing comparisons to other major stablecoins</p>
<h2 class="wp-block-heading" id="h-ripple-s-rlusd-the-real-usd">Ripple’s RLUSD: The “Real USD”</h2>
<p>Earlier in August 2024, Ripple had started the <a href="https://coinedition.com/ripple-seeks-rlusds-regulatory-approval-while-many-unregulated-stablecoins-exist/" rel="noopener noreferrer nofollow">initial testing phase</a> of RLUSD, dubbed the “Real USD” by CEO Brad Garlinghouse.</p>
<p class="has-text-align-center"><strong><a href="https://coinedition.com/ripple-burns-all-rlusd-stablecoins-ahead-of-2024-launch-no-tokens-in-circulation/" rel="noopener noreferrer nofollow">Read also: Ripple Burns All RLUSD Stablecoins Ahead of 2024 Launch, No Tokens in Circulation</a></strong></p>
<p>On X (former…</p>
<p>The post <a href="https://coinedition.com/ripples-rlusd-institutions-only-at-launch-cto-confirms/" rel="noopener noreferrer nofollow">Ripple’s RLUSD: Institutions-Only at Launch, CTO Confirms</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Ripple’s RLUSD: Institutions-Only at Launch, CTO Confirms

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