Ripple, a renowned American fintech company, recently revealed its plans to introduce a new Stablecoin cryptocurrency called RLUSD. This innovation will be implemented on both the XRP Ledger and the renowned Ethereum main chain, a decision driven by growing demand for stablecoins and the company’s extensive experience in cross-border payments.
David “JoelKatz” Schwartz, CTO of Ripple, confirmed that RLUSD will be issued on the Ethereum main chain. Previously, he had indicated that the token would also be launched on the XRP Ledger, but left doubts as to whether the implementation would take place on the Ethereum main chain or the XRPL EVM side chain. Clarity came from a user of platform X, who questioned the executive about the matter. In response, Schwartz clarified that the stablecoin will indeed make its debut on both the XRP Ledger and the Ethereum main chain.
The choice of the Ethereum main chain, despite its known congestion issues and high gas fees, reflects Ripple’s optimism about recent improvements brought about by the event known as the Merge. These updates have alleviated some of the previous concerns regarding intensive network resource usage.
Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, highlighted the company’s decade-long experience in creating robust systems for cross-border payments. According to Merrick, this expertise puts Ripple in a unique position to facilitate efficient and secure transfers using RLUSD.
Ripple’s foray into stablecoin territory through RLUSD on Ethereum not only reaffirms its commitment to innovation in the payments sector, but also signals a strategic expansion that could benefit global users through the ease and stability that stablecoins offer in international financial transactions .
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Source: https://portalcripto.com.br/ripple-anuncia-lancamento-da-rlusd-stablecoin-na-cadeia-principal-ethereum/
