Ripple has recently introduced a new stablecoin called RLUSD, which has received approval. This move by Ripple poses a challenge to other stablecoins such as Tether and USD Coin. The introduction of RLUSD aims to provide more stability and reliability in the cryptocurrency market. Ripple’s entry into the stablecoin sector is expected to shake up the competition and offer users more options when it comes to choosing a stablecoin. This development is significant as it shows Ripple’s commitment to expanding its presence in the cryptocurrency industry. The approval of RLUSD marks a new chapter in Ripple’s journey and sets the stage for increased competition among stablecoins.
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