During the XRP Ledger Community Summit (#XRPL Apex) held in Amsterdam from 11-13 June 2024, Ripple’s CEO, Brad Garlinghouse, made a significant announcement regarding the company’s latest stablecoin – $RLUSD. Garlinghouse shared his enthusiasm for the name, referring to it as “Real USD… Ripple USD”. This unveiling represents a pivotal moment in Ripple’s evolution, as stablecoins such as USDC, USDT, and others continue to gain prominence in the realm of digital currencies due to their reliability. Ripple’s introduction of $RLUSD underscores the increasing success and significance of stablecoins within the digital currency landscape.
