_🚨⚠️🚨Ripple Unveils RLUSD Distribution: $47.4 Million Across XRPL and Ethereum_ 🚨
Ripple has revealed the distribution of its highly-anticipated RLUSD stablecoin, with $34.8 million on the XRP Ledger (XRPL) and $12.6 million on Ethereum.
_RLUSD by the Numbers_ 📊
- Total supply: $47.4 million
- XRPL: $34.8 million
- Ethereum: $12.6 million
_Key Features of RLUSD_ 🤝
- Issued under New York Trust Company Charter for rigorous oversight
- Advisory board includes former FDIC Chair Sheila Bair and Ripple co-founder Chris Larsen
- Designed for payments, tokenization, and decentralized finance use cases
- Integrated into Ripple's cross-border payments solution alongside XRP
_Expert Insights_ 💡
"Ripple's RLUSD has the potential to become a leading enterprise-grade stablecoin." - Crypto Analyst
_Ripple's CEO on RLUSD_ 🗣️
"RLUSD will set the gold standard for trust, liquidity, and compliance." - Brad Garlinghouse
_Partnerships_ 🤝
- Uphold
- Bitstamp
- Bitso
- MoonPay
- Independent Reserve
- CoinMENA
- Bullish
_Public Launch_ 📅
RLUSD is set to launch publicly in Q4 2024
_Source:_
CoinDesk
Date: October 2024
#Ripple #RLUSD #Stablecoin #XRPledger #Ethereum #Cryptocurrency #blockchaintechnolo
