Testing the new stablecoin RLUSD

Ripple is actively developing a new stablecoin, RLUSD, which is pegged to the US dollar. This stablecoin is already being tested on the XRP Ledger and Ethereum platforms. Its goal is to make cross-border payments faster and cheaper, as well as to be used in decentralized finance protocols (DeFi). This has attracted significant interest among investors, leading to an increase in open interest to $1 billion in the last few days.

Legal difficulties with the SEC

One of the key issues remains the legal battle between Ripple and the US Securities and Exchange Commission (SEC). Although Ripple has managed to avoid violations after 2020, the SEC continues to insist that the company must be under strict supervision to prevent future violations. The final decision is expected in late 2024, which could have a significant impact on the fate of XRP.

Ripple Innovation and Expansion

Ripple has unveiled a number of new developments, including the RLUSD stablecoin, as well as improved integrations with other blockchains via the Axelar system. It is planning to introduce a new MPT token standard, which will allow for more efficient management of digital assets. This is especially important for financial institutions that are looking to tokenize their portfolios more deeply.

Expansion into international markets

Ripple is actively expanding its presence in Japan and Korea, supporting the development of XRP Ledger in these regions. In Europe, Ripple is working on compliance with the new MiCA regulations, which will allow it to strengthen its position in the international cryptocurrency market.