TL;DR

• Ripple’s stablecoin is reportedly ready for launch, pending NYDFS approval.
• XRP remains strong, boosted by political shifts and anticipation of RLUSD’s release, currently trading at $1.46 with further potential upside.

Is It Launch Time?

Ripple took center stage in April this year, displaying its plans to introduce a stablecoin pegged 1:1 to the American dollar. Over the past several months, the team disclosed that the product’s name will be RLUSD and will be available on the XRP Ledger (XRPL) and Ethereum.

Towards the end of the summer, Ripple began testing the stablecoin, alerting users that purchasing and trading will be open once it received the necessary regulatory approval. 

The team minted and burned a vast amount of RLUSD during the testing phase. Most recently, X user Vet claimed that almost all stablecoins have been burned. “On each Ethereum and XRP Ledger, there is only around 100k RLUSD left,” they added.

The announcement triggered speculatio