tl;dr
Ripple has commenced initial testing of its stablecoin, RLUSD, on the XRPL and Ethereum mainnets. XRP advocate Bill Morgan has drawn attention to Ripple's efforts to secure regulatory approval for RLUSD, noting that many stablecoins currently exist without approval. Ripple has stated that RLUSD has ...
Ripple has started testing its stablecoin, RLUSD, on the XRPL and Ethereum mainnets. The company is seeking regulatory approval for RLUSD, a move highlighted by XRP advocate Bill Morgan, who noted the existence of many stablecoins without approval.
Ripple announced that RLUSD has not yet received regulatory approval and will not be available for purchase or trading until approval is obtained. The potential impact of RLUSD's launch was underscored by Ripple, which projected the stablecoin market to grow to $2.8 trillion to $3 trillion by 2028 from the current $150 million.
In June 2024, Ripple revealed plans for RLUSD's potential launch, which CEO Brad Garlinghouse referred to as the “Real USD.” The company subsequently created an exclusive webpage for RLUSD and initiated its first testing phase. These developments led to RLUSD's testing on the XRPL and Ethereum mainnets on August 9, 2024.
Morgan emphasized Ripple's decision to withhold RLUSD until obtaining regulatory approval, pointing out the increasing importance of regulatory approval for stablecoins, particularly with the implementation of the EU’s Markets in Cryptoassets (MiCA) regulation.
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Cboe Global Markets Inc Summary
Cboe Global Markets is an American company that owns the Chicago Board Options Exchange and the stock exchange operator BATS Global Markets.
Industry: FINANCE, SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES
Stock Code: 21012601000
Current Price: $27.78
Day's Range: $2.20 - $7.23
52-Week Range: $36.07
Market Cap: $0.202B
Volume: 3,808,700,000
EPS: $199.08
P/E Ratio: -0.153
Dividend Yield: 0.073