Ripple (XRP) Ledger Pushes Code Review to Enable RLUSD Integration with AMM

TL;DR

The XRP Ledger has undergone a code review to enable RLUSD integration with Automated Market Makers (AMM), with more updates to come. Ripple recently warned users to be cautious of scams, as the stablecoin has yet to be publicly launched. The latest development from RLUSD

In April this year, Ripple revealed that it will introduce a stablecoin pegged 1:1 to the US dollar. The news caused quite a stir in the XRP community, with many members wondering about the exact features and purpose of the product.

From now on, it is known that it will be called RLUSD and will be available on XRP Ledger (XRPL) and Ethereum. Ripple CEO Brad Garlinghouse previously claimed that it could serve as a bridge between the cryptocurrency industry and traditional finance.

Over the past few weeks, the team minted and burned thousands of RLUSD tokens as part of the private beta testing phase.

More recently, the popular figure in the Vet community said that the XRP Ledger amendment to allow tokens (clawback) as the next stablecoin to be used in AMM (automated market makers) “passed the review of the code”. The user maintained that the next step involves “some cosmetics and merging into a new wavy version for validators to vote on.”

The announcement sparked further speculation that RLUSD may already be on the way. The product, however, has yet to see the light of day with Vet explaining:

“It will come to the XRPL, but when really depends on Ripple, as it is their token. When they launch, we can certainly expect big public communications about it.”

The Notice

Not long ago, the Ripple team issued an important scam alert to users, reminding that RLUSD is still in beta testing. He warned people to pay more attention when dubious people claim otherwise.

PSA: Ripple USD (RLUSD) is still in private beta, and while you may see activity on the chain, it is not yet available. Beware of anyone claiming to distribute #RLUSD.

Stay tuned for the latest updates and watch out for scams! https://t.co/P1scOUchWz

— Ripple (@Ripple) September 30, 2024

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