RLUSD Launch Date Revealed: Ripple USD Latest News and Price Analysis

What is RLUSD?

RLUSD (Ripple USD) is a native stablecoin launched by Ripple, designed to achieve a 1:1 peg with the US dollar, ensuring price stability. It can circulate freely on mainstream public chains like the XRP Ledger and Ethereum, providing a reliable digital dollar alternative for financial institutions and ordinary users.

RLUSD Launch Time and Listing Platform

Ripple officially announced that RLUSD will be officially launched on December 17, 2024 (Tuesday). The first batch of supported platforms includes mainstream exchanges such as MoonPay, Uphold, CoinMENA, Bitso, and ArchaxEx, providing direct buying and selling channels for users in various regions.

RLUSD latest price and market performance

As of the time of writing, the real-time price of RLUSD is approximately 0.9998 USD, which remains basically anchored to the dollar. The 24-hour trading volume is around 76.9 million USD, with a market capitalization exceeding 415 million USD and a circulating supply of about 415 million coins.

• Price volatility: The decline in the past 24 hours is less than 0.02%, demonstrating extremely high stability;
• Active Trading: The RLUSD/USDC trading pair on the Bullish platform has a daily average trading volume of 29.74 million USD, indicating sufficient trading depth.
• Ranking situation: Currently ranked about 213th on CoinMarketCap, indicating a good initial market acceptance.

Future Prospects of RLUSD

1. Regulatory advantages: Ripple, with its licenses and compliance experience held in multiple countries, can more quickly open fiat channels and promote the integration of stablecoins into the traditional financial system.
2. Cross-chain interoperability: In future plans, RLUSD will connect to more public chains and Layer 2 networks to enhance cross-chain payment and settlement efficiency.
3. Adoption by institutions: As more financial institutions pilot settlement solutions based on the XRP Ledger, RLUSD is expected to become an enterprise-level alternative asset to the dollar, opening up larger market space.

In summary, since RLUSD was launched on December 17, 2024, it has quickly captured the market due to its USD-pegged characteristics and Ripple’s ecosystem resources. For novice investors, understanding the issuance background and price performance of RLUSD can help grasp the application prospects of stablecoins. In the future, as more partners join and the regulatory environment becomes clearer, RLUSD is expected to maintain price stability and deep liquidity, providing digital asset investors and institutions with more convenient and secure USD connection services.