Loading...
Market
Which advisory board member will play a key role in RLUSD's strategy by mid-2025?
2
Ripple•Ripple USD•Uphold•MoonPay•Archax•CoinMENA•Bitso•Bullish•Bitstamp•Mercado Bitcoin•Brad Garlinghouse•NYDFS•XRP•RLUSD•DeFi•Ripple Payments•Raghuram Rajan•Kenneth Montgomery•Sheila Bair•Chris Larsen
Resolution / Starting Odds
Raghuram Rajan • 25%
Kenneth Montgomery • 25%
Sheila Bair • 25%
Chris Larsen • 25%
Public statements, reports, or strategic announcements from Ripple.
Story
Ripple to Launch U.S. Dollar-Pegged RLUSD Stablecoin on Tuesday Amid XRP Surge
Dec 16, 2024, 04:13 PM
Ripple, a blockchain company, is set to launch its new U.S. dollar-pegged stablecoin, Ripple USD (RLUSD), on Tuesday, December 17, 2024. RLUSD will be available on multiple platforms including Uphold, MoonPay, Archax, CoinMENA, and Bitso, with plans for further listings on exchanges like Bullish, Bitstamp, and Mercado Bitcoin in the coming weeks. The stablecoin is fully backed by U.S. dollar deposits, government bonds, and cash equivalents, aiming to maintain a steady price at $1. Ripple's CEO, Brad Garlinghouse, emphasized the company's deliberate choice to launch under the New York State Department of Financial Services (NYDFS) limited purpose trust company charter, which is considered a high-level regulatory framework internationally. The launch follows a significant surge in XRP's value, with the token reaching a seven-year high earlier in the month. Ripple aims to leverage RLUSD for cross-border payments, liquidity management, DeFi integration, and tokenized asset trading, with plans to integrate it into its Ripple Payments platform in early 2025. The company has also added former central bankers Raghuram Rajan and Kenneth Montgomery, along with Sheila Bair and Chris Larsen, to its stablecoin advisory board.
View original story
Similar markets
Bernard Looney • 25%
Nassef Sawiris • 25%
Sultan Ahmed Al Jaber • 25%
Other board member • 25%
Financial Institution • 25%
Retail Platform • 25%
E-commerce Company • 25%
Other • 25%
North America • 25%
Europe • 25%
Asia • 25%
Other • 25%
Yes, high adoption • 33%
Moderate adoption • 33%
Low adoption • 33%
Cross-border payments • 25%
DeFi applications • 25%
Retail transactions • 25%
Other • 25%
Russell Vought • 25%
Another Trump administration official • 25%
A new appointee from outside • 25%
No key figure identified • 25%
Institutional tokenization • 25%
Retail transactions • 25%
Cross-border payments • 25%
Other • 25%
EU • 25%
UK • 25%
Japan • 25%
No additional approvals • 25%
Remittances • 25%
Trading • 25%
Savings • 25%
Other • 25%
Abuagla Keikal reinstated • 25%
New commander appointed • 25%
Current leadership remains • 25%
RSF disbanded • 25%
1-2 platforms • 25%
3-4 platforms • 25%
5-6 platforms • 25%
More than 6 platforms • 25%