In a significant announcement at the XRP Ledger Community Summit (#XRPL Apex) held in Amsterdam from 11-13 June 2024, Brad Garlinghouse, the CEO of Ripple, unveiled the name of Ripple’s new stablecoin – $RLUSD. Garlinghouse expressed his fondness for the name, stating, “I like to call it Real USD… Ripple USD”. This development marks a major milestone in Ripple’s journey as stablecoins, like USDC, USDT and more, are gaining traction in the digital currency world due to their inherent stability. This new development from Ripple is a testament to the growing success and importance of stablecoins in the digital currency landscape.
Ripple CEO Unveils New Stablecoin Name at XRP Ledger Community Summit
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