Ripple Labs Introduces RLUSD for Enhanced Cross-Border Payment Transactions

Ripple Labs has announced a major advancement in global payment solutions, integrating its stablecoin, RLUSD, into its Ripple Payments platform. This strategic move aims to make cross-border payments smoother and more efficient, offering institutional clients a preferred choice for transactions. 50 million new RLUSD tokens were issued on the XRP Ledger, boosting its circulating supply and driving its market valuation towards an estimated $240 million. 💰