The launch of Ripple’s RLUSD stablecoin on Dec. 17 is yet to spark a significant rally for the price of XRP (CRYPTO: XRP).
What Happened: The stablecoin received the green light from New York regulators in December and represents a significant evolution in Ripple’s ecosystem.
RLUSD is backed by a combination of cash reserves and short-term U.S. Treasury Bills, maintaining a strict 1:1 peg with the U.S. dollar and providing a stable foundation for large-scale transactions.
According to Tradingview data, XRP opened at a price …
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