Launch Overview and Importance: The RLUSD launch represents a key milestone for Ripple, leveraging over 70 billion USD in payments annually. Monica Long, Ripple’s President, highlighted this development as essential for both the XRP Ledger and compliance in the crypto sector.
Impact on XRP and Market Speculation: While December 17 is officially confirmed, speculation about an 8:00 AM EST launch time continues. XRP’s price has surged due to growing excitement, reflecting Optimism for its future amid the stablecoin’s introduction.
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