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International Business Times

Business

Marvie Basilan

$XRP Surges On Ripple's $RLUSD Launch Day

Ripple XRP United States Crypto Brad Garlinghouse NYDFS Raghuram Rajan

Ripple's $RLUSD goes live Tuesday! (Credit: CryptoWallet.com Images/flickr.com)

KEY POINTS

$XRP spiked near $2.60 early Tuesday amid excitement around $RLUSD
$RLUSD will initially be available on some of the industry's major exchanges
$RLUSD offers 'real utility and are backed by years of trust and expertise in the industry: Garlinghouse

The XRP token's price surged early Tuesday as the world waits for the launch of Ripple's RLUSD stablecoin that received final approval from the New York State Department of Financial Services (NYDFS) last week.

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