Ripple Chief Technology Officer: RLUSD Stablecoin Initially Designed for Institutional Use
Publication Time:2024-09-09 15:11:06
Exclusive report from Jinse Finance: Ripple's Chief Technology Officer David Schwartz confirmed that the highly anticipated stablecoin RLUSD will only be available to institutional users before regulatory approval and official launch. This decision means that RLUSD will initially focus on serving corporate-level financial needs rather than general consumers. This move is likely aimed at ensuring system stability and security while complying with relevant regulatory requirements. As RLUSD matures and develops, its potential openness to individual users will also increase.
Ripple
stablecoin
RLUSD
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institutional users