Ripple Enters Stablecoin Battle with New RLUSD, Challenging Tether’s Market Dominance

The US regulatory landscape for stablecoins has triggered a competitive duel between Ripple’s new RLUSD stablecoin and Tether’s longstanding USDT. Bill Morgan, a lawyer with strong pro-XRP views, dives into a detailed analysis comparing these major players in the market. He highlights the critical importance of third-party reserves and transparency in fostering trust and stability for the entire industry. Tether is actively bolstering its US presence by securing Bo Hines, a former White House Crypto Council head, to further strengthen their position. In contrast, Ripple’s RLUSD stablecoin steadily gains ground. ]