Ripple Labs is progressing toward launching its USD-pegged #stablecoin , RLUSD, with 1.7 million #tokens minted recently. Although there's no set launch date, the rapid minting activity suggests we're close. 🧐
CEO #BradGarlinghouse hinted at a public release in the coming weeks, positioning #RLUSD to compete with established stablecoins like USDT and $USDC
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Regulatory approval is a key hurdle, as Ripple seeks to avoid issues with US authorities.