The post Ripple President Shares Bold Plans for RLUSD and Ethereum appeared on BitcoinEthereumNews.com.

Along with XRP’s function in smaller transactions, Ripple’s RLUSD aims to improve international transactions backed by dollars. Ripple introduces Ethereum-compatible sidechains to XRPL, combining Ethereum’s programmability with XRP Ledger’s scalability and low costs. Ripple has announced plans for its new stablecoin, Ripple USD (RLUSD), which will initially be available in countries or territories outside of the United States where Ripple has already obtained a license. Ripple President Monica Long made the statement during a recent interview with a Japanese media outlet. She stated that after this initial launch, Ripple will look at entering more markets, with Japan being one of the possible targets due to its high adoption prospects for RLUSD. Coindesk Japan 🇯🇵 just published their interview with @Ripple President Monica Long today. 3 standout points;1. Ripple USD (stablecoin) will first appear in countries or regions outside the United States where it already has a license. Following our initial issuance, we will be… pic.twitter.com/47k0Ajag5Y — 🌸Crypto Eri 🪝Carpe Diem (@sentosumosaba) September 26, 2024 Ripple’s Legal Victory Sets the Stage for RLUSD Global Expansion  Before establishing RLUSD, Ripple won a substantial legal struggle with the United States Securities and Exchange Commission (SEC), with the court ruling that XRP is not a security. This decision brought legal clarity to the cryptocurrency market, allowing Ripple to expand its services. Monica Long hailed this triumph as a turning point moment for Ripple, allowing it to strengthen its footprint in the US market, despite the fact that the majority of its growth continues to come from outside the US, particularly in the Asia-Pacific area. One of Ripple’s primary objectives is to include RLUSD as part of an effective cross-border settlement solution. A trustworthy and open stablecoin will result from the full backing of RLUSD by US dollars and their equivalents in other currencies. Within…

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Filed under: News - @ September 27, 2024 11:21 am