Ripple CEO Announces Major Shift in Crypto Compliance: USDT to Be Delisted from Major Exchanges, Replaced by #RLUSD on the XRP Ledger.

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Brad. M

12/14/20241 min read

Ripple CEO, Brad Garlinghouse, recently shook up the cryptocurrency world with an important announcement. He revealed that USDT (Tether) will be delisted from approximately 90% of major exchanges. This decision comes in response to growing concerns about the stability and transparency of traditional stablecoins like USDT in the digital asset market.

To replace USDT on these exchanges, Ripple is introducing #RLUSD, a new stablecoin built on the XRP Ledger (#XRPL). #RLUSD aims to offer a more secure, transparent, and efficient alternative to USDT, leveraging the advanced features of the XRP Ledger. This move aligns with Ripple’s strategy to enhance regulatory compliance and provide a more robust financial ecosystem.

With #RLUSD, users can expect greater stability and reduced volatility compared to traditional stablecoins. The advanced smart contract capabilities of the XRP Ledger enable #RLUSD to offer enhanced flexibility and security in digital transactions. As more exchanges adopt #RLUSD, it is poised to gain traction among institutional investors and traders who are looking for a reliable and compliant stablecoin solution. This development not only challenges existing stablecoins like USDT and USDC but could also reshape the broader stablecoin market and Ripple’s influence in the digital finance space.