In what is coming as a shock to community members, blockchain payments firm Ripple Labs Inc. has launched the webpage for its stablecoin RLUSD. While this might seem a long-due move from the company, it underscores the behind-the-scenes effort it is making toward launching the new token.

Ripple Stablecoin To Compete With Rivals

As a payment firm, launching a stablecoin pegged to the US dollar seems like the right move for Ripple. With an extensive cross-border settlement network, the stablecoin will enhance its business operation.

With the Ripple stablecoin, the firm can compete directly with Tether (USDT) and USD Coin (USDC). Despite changing regulatory landscape, the company is optimistic its stablecoin will find its space in the market. Despite the webpage launch, the timeline for the stablecoin launch remains unknown.

This is a developing story, please check back for updates!!!

The post Just In: Ripple Launches Website for RLUSD Stablecoin appeared first on CoinGape.

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