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We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Ripple executives have shared insights into the newly launched RLUSD stablecoin, which aims to set a new benchmark in the stablecoin landscape. Stablecoin issuance and use are increasing globally, with the market expected to reach $3 trillion in the next five years. Key to this sustained expansion are crypto regulations, which will help advance the use of stablecoins and usher in a new era of financial innovation. Ripple built RLUSD to set a new benchmark for stablecoins because, according to Long, the stablecoin market is growing, but trust, compliance, and utility are critical. Breaking: Bitcoin Reacts to Fed's Rate Decision Issued on XRP Ledger and Ethereum, Ripple USD opens the door to multiple ecosystems, and according to Ripple, it is built with regulatory compliance as a defining feature. In a tweet ahead of the RLUSD launch, Long stated that the release of RLUSD heralds a new chapter for both XRP Ledger and Ripple's use in its over $70 billion payment flows. RLUSD claims to be an enterprise-grade, USD-denominated stablecoin and one of the few issued under a New York Trust Company Charter, which ensures strict oversight and regulation