According to Fox Business, Ripple is preparing to launch its US dollar-pegged stalecoin Ripple USD (RLUSD). Accordingly, Ripple is expected to launch RLUSD today, December 4. Unveiled in June, RLUSD will reportedly launch as a 1:1 USD-backed stablecoin backed by 100% USD deposits, short-term US government bonds, and other cash equivalents. Ripple stated in its statement that once RLUSD is launched, it plans to use both RLUSD and XRP for cross-border payments to serve its global customers. Now the big day has arrived and as the crypto community awaits the launch of RLUSD, Tron (TRX) founder Justin Sun has made a critical exit. Justin Sun signaled in his post from his X account that the XRP-backed stablecoin RLUSD could be integrated into the Tron network. When $XRP RLUSD on Tron $TRX — H.E. Justin Sun (@justinsuntron) December 4, 2024 *This is not investment advice. Continue Reading: Is Collaboration Coming Between XRP and Tron (TRX)? Justin Sun Signals!
