Ripple, RLUSD

Issued under the New York Trust Company Charter, and approved under the New York Department of Financial Services, RLUSD has been designed for trust and transparency. Each token is backed 1:1 by USD ...
The stablecoin will become broadly available to crypto users on the XRP Ledger and Ethereum networks beginning on Tuesday.
Ripple received approval to issue RLUSD from the New York State Department of Financial Services earlier this month.
David Schwartz, Ripple's CTO, warned of potential price volatility for RLUSD, Ripple's stablecoin, due to initial supply ...