- Ripple registers the trademark RLUSD to signify a stablecoin based upon the dollar.
- The price of XRP has increased by 6.66% over the past week to $0.5349.
Registering a trademark on the term “RLUSD,” Ripple’s dollar-based Stablecoin is one step closer. This trademark registration was filed by the U.S. Legal Department on May 7. database Justia proposes the stablecoin’s possible listing symbol. Good Morning Crypto also supported this suggestion.
Ripple is yet to make an official announcement, but the crypto world speculates that it is part of their plans to launch the stablecoin By 2024.
🚨NEW: RIPPLE TO NAME NEW USD STABLECOIN — “RLUSD”💥🚀
Ripple’s Latest Trademark, Filed May 7 2024, Hints At A Stabelcoin Potencially Being Label — “RLUSD” !! 🌎💸
Is This Ripple Labs Dollar? 🤔💭
Patent filing: https://t.co/v8zRbfeqOx
Comment Below & Follow For… pic.twitter.com/3LxgfIiVWS
— Good Morning Crypto (@AbsGMCrypto) May 21, 2024
Details of the RLUSD Trademark, and Community Reactions
This trademark application describes the RLUSD’s applicability to electronic devices. financial Rumours about services to facilitate financial transactions and virtual currency payments are true. It is a digital currency that has been tied to fiat currencies.
The word “community” has been used by many to describe the community. Ripple The trademark RLUSD has yet to be granted. Many have criticised the decision, suggesting that USDX or USDR options would be more attractive to normal buyers.
Ripple Does Not Support USDX and USDDR
You can also find out more about us on our website. “USDX” Ripple’s intentions to introduce stablecoins on the XRP LedgerThe excitement surrounding the name “USDR” First comes the best “R” Ripple. Flare has also introduced “USDX” They are a own Hex Trust guarantees a stablecoin that is 1:1 backed by USD.
The stablecoin is now a decentralized currency. Ripple USDX does not apply to Ripple. Ripple chose RLUSD as its stablecoin because Real USD is already used. “USDR.”
Ripple and current events: Market strategy
To grab a large chunk of the market, which is expected to reach a value of about $3 trillion by 2020 next Ripple has been moving towards stablecoins since early April. Stablecoins market is worth $161 billion currently.
CoinMarketCap shows the current price of XRP to be about $0.5349The slipping 1.18% From the last 24 hour. For the past seven days, however, there has been a trend of XRP rising. 6.66%. Ripple is also creating a new currency, according to CNF. local fund The XRP Ledger can be used to help initiatives in Brazil.
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Source: www.crypto-news-flash.com