SAN FRANCISCO--(BUSINESS WIRE)--Ripple, the leading provider of digital asset infrastructure for financial institutions, today announced that Ripple USD (RLUSD) will be available on global exchanges starting tomorrow, December 17, 2024.
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RLUSD is a stable coin, like USDC.. so it'll always be worth just $1 .. so you can say move $100 of your savings from USD to RLUSD to get 5% interest/yr so it's higher than putting it in a bank. But XRP is a BRIDGE currency. It's used to move large sum of money between currencies/countries and it's a ledger, so every transaction is recorded. USDC is not regulated but RLUSD is regulated and backed by real assets like treasury bonds, etc so institutions trust RLUSD more than USDC and Tether.