Ripple CTO: RLUSD was initially launched only for institutions

BlockBeats reported that on September 9, Ripple CTO David Schwartz confirmed that the upcoming stablecoin RLUSD will initially only be open to institutions.

Schwartz also responded to concerns about market manipulation and money laundering, emphasizing the safeguards of RLUSD. "I think this is unlikely to happen unless in the very early testing phase, before anyone actually uses it to transfer or store value."

BlockBeats previously reported that BlockBeats reported that on September 4, Ripple CEO Brad Garlinghouse said that Ripple's stablecoin RLUSD will be launched in the next few weeks.