RLUSD - the Ripple stable coin coming

Ripple had announced sometime back that they're going to launch their stable coin and now they're have also shared a preview of the same. The demand for stable coin has been growing and looks like ripple don't want to miss on this opportunity available in cryptocurrency market.

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We already have multiple stable coins. We already have multiple point they have bigger market cap but since the spike on demand is expected so we need more options to accomodate the demand.

Ripple said that its upcoming stablecoin will be called Ripple USD (RLUSD). The firm expects to debut it on the Ethereum network and XRPL.

A significant rice is expected to happen in the market for stable coins and this is why already have alternatives available however I am expecting that they will be many more editions in the coming years but ripple is also going to have its skin in the game. Basically this coin will be based on ethereum chain but more details are not at shared however soon they will be providing it all as the launch is not far away.

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