Ripple CEO Brad Garlinghouse said the new stablecoin, called RLUSD, will be available on both the XRP Ledger platform and Ethereum. This will allow the coin to be widely used on various blockchain platforms. Garlinghouse is confident that the launch of the stablecoin will strengthen Ripple's position in the market, attracting a diverse audience - from blockchain enthusiasts to financial professionals interested in digital transactions. The token is expected to become available to buyers by the end of this year.
The company is also expanding its influence by establishing contacts with central banks in ten countries and inviting them to use the Ripple blockchain to create their own digital currencies. Garlinghouse did not name the specific countries with which Ripple is collaborating, but it is known that the company is participating in pilot programs to launch CBDC in Georgia, Bhutan, the Republic of Palau and Montenegro.
Currently, Ripple is continuing legal proceedings with the US Securities and Exchange Commission (SEC), which considers that the company's XRP cryptocurrency is an unregistered security. However, lawyer Bill Morgan, who defends the interests of XRP holders, insists that transactions with this coin through the Ripple On-Demand Liquidity (ODL) solution do not violate securities laws.