It was recently announced that the stablecoin Ripple USD (RLUSD) from the San Francisco crypto company of the same name was officially launched. The stablecoin will work on two networks at the same time – at least that is the plan now. These two networks are Ethereum and of course Ripple’s “native” ledger, XRP Ledger (XRPL). All users can already officially interact with RLUSD.

On various decentralized exchanges, the price of the stablecoin initially fluctuated within a range of 20%, as Ripple USD is initially pegged 1 to 1 to the US dollar. However, according to XPMarket, the price of RLUSD has now settled at $1.

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Ripple CTO David Schwartz recently warned of something like this, saying that there could initially be a shortage of stablecoin supply, which could lead to an increase in the price of the coin, which should be price stable in the truest sense of the word.

Interestingly, with the launch of the stablecoin, the price of XRP experienced a sharp decline of more than 2.2% at one point, falling to $2,635 per token at one point. It is likely that this was because users were exchanging the cryptocurrency for RLUSD for testing purposes or just hype. Nevertheless, at the time of writing, the XRP price is already recovering and returning to the green zone.

We should expect Ripple USD to be listed on major exchanges like Bitstamp or Mercado Bitcoin in the near future. However, services like MoonPay already offer stablecoin purchases via Apple Pay. A number of other off- and on-ramp services also work with RLUSD.

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In the history of the crypto market, there have been many examples of successes and failures in the stablecoin segment. This niche is now predicted to exceed $2.3 trillion in the coming years. Where and how Ripple USD will fit in is an interesting question.