Recently, Bitstamp announced the official launch of Ripple stablecoin $RLUSD, which is a stablecoin based on the
Ethereum network and pegged to the US dollar at a 1:1 ratio. It is fully supported by cash and equivalents, providing users with secure and convenient trading options. The launch of RLUSD injects new momentum into market liquidity and marks an important step in Ripple's stablecoin layout.
Meanwhile, Ripple President Monica Long stated that RLUSD is about to expand to more platforms and revealed for the first time that the XRP ETF may be launched soon. The news quickly attracted attention, not only potentially affecting the
price of XRP, but also indicating that the Ripple ecosystem is accelerating its integration with traditional Financial Marekt. It is worth noting that Ripple has also partnered with Germany's leading bank DZBANK to provide custody solutions for its digital assets and tokenized bonds. The case released on January 9th shows that Ripple technology is driving the improvement of global asset management efficiency.
With the launch and application of RLUSD, as well as the possible launch of XRP ETF, we should closely monitor the latest developments in the Ripple ecosystem and its potential market effects.