Ripple's RLUSD Stablecoin Initially Available Only to Institutions

According to BlockBeats, on September 9, Ripple's Chief Technology Officer David Schwartz confirmed that the upcoming stablecoin RLUSD will initially be available exclusively to institutional clients. Schwartz addressed concerns about market manipulation and money laundering, emphasizing the safeguards in place for RLUSD. He stated, 'I believe such scenarios are unlikely to occur, except perhaps during very early testing phases before anyone uses it to transfer or store value.' Previously, on September 4, Ripple's CEO Brad Garlinghouse announced that the RLUSD stablecoin is set to launch in the coming weeks.