Ripple CTO David Schwartz has confirmed that the upcoming RLUSD stablecoin will initially be available only for institutions. Schwartz addressed concerns about potential manipulation and money laundering, assuring that Ripple has put safeguards in place to prevent such activities.

This move to launch the stablecoin for institutions first is part of Ripple’s strategy to ensure compliance and security before broader distribution. It’s an interesting development in Ripple’s journey—what are your thoughts on this approach?
https://x.com/Qgame2024/status/1833055792213422416

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