Update
Ripple RLUSD Competes with Stablecoins on XRP Ledger
Ripple CEO Brad Garlinghouse stated that RLUSD is intended to compete with stablecoins while its use cases run on the XRP Ledger, rather than compete with XRP. RLUSD's supply surpasses $2.6 billion, potentially affecting XRP demand. Ripple CEO also mentioned that RLUSD will complement XRP and is aimed at growing both assets on the XRPL.