Blockchain company Ripple is releasing its own long-awaited stablecoin tomorrow after receiving approval from the New York Department of Financial Services (NYDFS) last week. The coin, named RLUSD, is an effort to advance Ripple’s goal of becoming the go-to network for international payments.

Ripple RLUSD stablecoin launches Dec 17, backed by US dollar assets, set for exchanges worldwide with third-party asset attestations.

Ripple CTO explains why RLUSD exceeded $1,200 pre-launch, citing supply shortages and high demand, with price expected to stabilize at $1.

Ripple is set to launch its USD-backed stablecoin, Ripple USD (CRYPTO: RLUSD), on Tuesday. Following the announcement, Ripple’s native coin XRP (CRYPTO: XRP) is up 4% on the day, having surged 130% over the past month.

The dollar-pegged Ripple USD (RLUSD) will begin trading Tuesday across Ethereum and XRP Ledger, Ripple said Monday.

Ripple's CTO David Schwartz cautioned investors about potential volatility and a "supply shortage" following the launch of RLUSD.

Ripple has announced that its RLUSD stablecoin will go live on Tuesday, December 17 and provided details on the exchanges it will list on.

Ripple has finally announced that the launch of its highly-anticipated stablecoin RLUSD is all set for tomorrow. Fox Business journalist Eleanor Terrett