TL;DR

• The XRP Ledger has undergone a code review to enable RLUSD integration with Automated Market Makers (AMMs), with further updates pending.
• Ripple recently warned users to be cautious of scams, as the stablecoin is not yet publicly launched.

The Latest RLUSD Development

In April this year, Ripple disclosed it will introduce a stablecoin pegged 1:1 to the American dollar. The news sparked huge excitement across the XRP community, with many members wondering about the exact specifics and purposes of the product.

As of now, it is known that it will be called RLUSD and will be available on the XRP Ledger (XRPL) and Ethereum. Ripple’s CEO, Brad Garlinghouse, previously claimed it could serve as a bridge between the cryptocurrency industry and traditional finance.

Over the past several weeks, the team minted and burned thousands of RLUSD tokens as part of the private beta testing phase.

Most recently, the popular community figure Vet said the XRP Ledger amendment to allow (clawback) tokens like the upcoming stablecoin to be employed