when

TL;DR
<ul>
 <li>The XRP Ledger has undergone a code review to enable RLUSD integration with Automated Market Makers (AMMs), with further updates pending.</li>
 <li>Ripple recently warned users to be cautious of scams, as the stablecoin is not yet publicly launched.</li>
</ul>
<h2 id="span-data-preserver-spaces-true-a-href-https-cryptopotato-com-wp-content-uploads-2024-10-rlusd_cb-3-jpg-data-wpel-link-internal-rel-noopener-noreferrer-nofollow-a-span"><a href="https://cryptopotato.com/wp-content/uploads/2024/10/RLUSD_CB-3.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a></h2>
<h2 id="the-latest-rlusd-development">The Latest RLUSD Development</h2>
In April this year, Ripple <a class="editor-rtfLink" href="https://cryptopotato.com/ripple-announces-the-launch-of-a-stablecoin-pegged-to-us-dollar/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">disclosed</a> it will introduce a stablecoin pegged 1:1 to the American dollar. The news sparked huge excitement across the XRP community, with many members wondering about the exact specifics and purposes of the product.
As of now, it is known that it will be called RLUSD and&nbsp;will be available on the XRP Ledger (XRPL) and Ethereum. Ripple’s CEO, Brad Garlinghouse, previously claimed it could serve as a bridge between the cryptocurrency industry and traditional finance.
Over the past several weeks, the team <a class="editor-rtfLink" href="https://cryptopotato.com/ripple-issues-an-important-warning-for-its-upcoming-stablecoin-details/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">minted</a> and burned thousands of RLUSD tokens as part of the private beta testing phase.
Most recently, the popular community figure Vet <a class="editor-rtfLink" href="https://x.com/Vet_X0/status/1843725506874945589" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">said</a> the XRP Ledger amendment to allow (clawback) tokens like the upcoming stablecoin to be employed in the AMM (Automated market makers) “went through the code review.” The user maintained that the next step involves “some cosmetics and merge into a new rippled release for validators to vote on.”
The announcement triggered renewed speculations that RLUSD might be already live. The product, though, is yet to see the light of day with Vet explaining:
<blockquote>
 “It’s coming to the XRPL but when is really up to Ripple as it’s their token. When they do launch we can surely expect extensive public comms on it.”
</blockquote>
<h2 id="span-data-preserver-spaces-true-the-warning-span">The Warning</h2>
Not long ago, Ripple’s team <a class="editor-rtfLink" href="https://cryptopotato.com/ripple-issues-an-important-warning-for-its-upcoming-stablecoin-details/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">issued</a> an important scam alert to users, reminding that RLUSD is still undergoing its beta testing stage. It cautioned people to pay extra attention when dubious individuals claim the opposite.
<blockquote class="twitter-tweet">
 PSA: Ripple USD (RLUSD) is still in private beta, and while you may see on-chain activity, it’s not available yet. Beware of anyone claiming to distribute <a href="https://twitter.com/hashtag/RLUSD?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">#RLUSD</a>.
 Keep an eye out for the latest updates, and stay vigilant against scams! <a href="https://t.co/P1scOUchWz" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">https://t.co/P1scOUchWz</a>
 — Ripple (@Ripple) <a href="https://twitter.com/Ripple/status/1840757112063791507?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">September 30, 2024</a>
</blockquote>
The post <a href="https://cryptopotato.com/ripple-xrp-ledger-pushes-code-review-to-enable-rlusd-integration-with-amms/" rel="noopener noreferrer nofollow">Ripple (XRP) Ledger Pushes Code Review to Enable RLUSD Integration With AMMs</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Ripple (XRP) Ledger Pushes Code Review to Enable RLUSD Integration With AMMs

Table of Contents

CryptoPotato_News

Other articles published on Oct 9, 2024

The Next Crypto Gold Rush: These 5 Altcoins Could Deliver 1000x Gains

Worldcoin (WLD) Drops 7% Raising Bear Trap Concerns

Cathie Wood’s ARK Invest dumps $36M of Robinhood stock

BREAKING: Critical FED Minutes Released – Here’s What You Need to Know

Qubetics’ Groundbreaking Innovations, Ethereum’s Continued Growth, and WLFI’s Challenges on Leadi...

HBO Under Fire Over Controversial Satoshi Reveal

Join our free newsletter for daily crypto updates!