Ripple USD (RLUSD) went live globally Dec. 17, initially on platforms such as Uphold, MoonPay, CoinMENA, Archax and Bitso, with further listings likely in the following weeks.
output: A stablecoin pegged one-to-one with the U.S. dollar and issued natively on both XRP Ledger and Ethereum networks, RLUSD is designed to be used for a variety of applications and use cases. These include cross-border payments, decentralized banking and other use cases that may be enabled by the XRP Ledger and Ethereum networks.
input: A stablecoin pegged one-to-one with the U.S. dollar, USD Coin (USDC) is issued by Centre Consortium, a joint venture between Circle and Coinbase. Notably, USDC is fully backed by cash and U.S. Treasury bonds, and each USDC is redeemable for $1 from Centre Consortium.
Launched in September 2018, USDC is an ERC-20 token that can be used for a variety of applications and use cases, including decentralized finance, cross-border payments and stablecoin trading. Being pegged to the U.S. dollar makes USDC a stable cryptocurrency that is designed to minimize price volatility and maintain a consistent value relative to the fiat currency.
As of December 2022, USDC has a total supply of over 55 billion tokens, making it one of the most widely used and liquid stablecoins in the cryptocurrency market.
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