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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ripple-prepares-for-the-launch-of-rlusd-stablecoin-to-boost-xrp-price/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple Prepares for the Launch of RLUSD Stablecoin to Boost XRP Price</a><br></p>
<p style="text-align: justify">Ripple has announced that the upcoming launch of the RLUSD stablecoin will positively impact the price of XRP. Ripple’s CEO, Brad Garlinghouse, stated at the 2024 Korea Blockchain Week (KBW) that RLUSD will be available “within weeks, not months.” Following this announcement, the <a href="https://en.coin-turk.com/crypto-sector-sees-significant-investment-surge-in-early-2024/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> industry has begun anticipating RLUSD’s market release and its potential effects on Ripple.</p>
<h2 id="impact-of-rlusd-on-xrp">Impact of RLUSD on XRP</h2>
<p style="text-align: justify">Insider information from Ripple indicates that RLUSD will support the price of XRP. A former Ripple employee working on the On-Demand Liquidity (ODL) product revealed that RLUSD will be paired with XRP and will attract liquidity to altcoins due to its listing on global <a href="https://en.coin-turk.com/will-cryptocurrencies-rise-bitcoin-reaches-31000-resistance-level-as-altcoins-experience-double-digit-increases/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto</a> exchanges.</p>
<h2 id="industry-reactions-and-critiques">Industry Reactions and Critiques</h2>
<p style="text-align: justify">On the other hand, there are criticisms regarding Ripple’s RLUSD plan. A critic known as Jungle pointed out that RLUSD may lack essential features on the XRPL and highlighted rumors that the stablecoin would initially launch on Ethereum . Jungle targeted the Ripple development team, stating that XRP is no longer among the top three blockchains.</p>
<h2 id="expert-opinions">Expert Opinions</h2>
<p style="text-align: justify">Experts generally agree that RLUSD may boost XRP prices. A YouTuber, 24hrsCrypto, noted that RLUSD will provide a stable value for transactions, enhancing XRP’s bridging capabilities and increasing its market value. Ripple’s CTO, David Schwartz, mentioned that RLUSD could be acquired from exchanges by retail investors like <a href="https://en.coin-turk.com/alameda-research-and-cumberland-acquire-significant-portion-of-tether-usdt/" data-wpel-link="internal" rel="noopener noreferrer nofollow">USDT</a> and USDC.</p>
<p style="text-align: justify">Ripple has been minting the RLUSD coin on both Ethereum and the XRP Ledger blockchains since September 28. These preparations are deemed critical for the successful launch of the stablecoin.</p>
<p style="text-align: justify">Following recent developments, XRP is trading around the $0.60 threshold. Some analysts expect the price to rise to $1.32, but there is also a risk of decline depending on market dynamics.</p>
<p style="text-align: justify">The release of RLUSD is considered a significant milestone for XRP’s future. The success of the stablecoin could strengthen Ripple’s overall strategy and bolster XRP’s market position.</p>
<p>The post <a href="https://en.coin-turk.com/ripple-prepares-for-the-launch-of-rlusd-stablecoin-to-boost-xrp-price/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple Prepares for the Launch of RLUSD Stablecoin to Boost XRP Price</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Ripple Prepares for the Launch of RLUSD Stablecoin to Boost XRP Price

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