Buzz Around RLUSD Launch

🟨Ripple’s stablecoin RLUSD is generating significant interest ahead of its official launch. According to Xaman, pre-launch bids for RLUSD have reached 836 XRP (approximately $1,200) per token share, sparking discussions among experts.

🟨Ripple CTO David Schwartz explained that such prices reflect users’ eagerness to acquire the first RLUSD tokens. However, he assured that once supply stabilizes, the token will return to its $1 peg.

🟨The RLUSD launch will take place on the XRP Ledger, with initial listings on Uphold, MoonPay, Archax, and CoinMENA. Ripple acknowledges that discrepancies from the dollar peg may occur early on due to low liquidity, but emphasizes that every RLUSD is fully backed by $1.