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Explainer Covers How Ripple's RLUSD Stablecoin Backing and Redemption Work

(2 hours ago) · 1 source · Summarized by CryptoBipto

An educational article has been published explaining the mechanics behind RLUSD, Ripple's stablecoin, including how it is backed by reserves and how redemption processes function. The piece aims to help readers understand the structure of the stablecoin offering from Ripple.

WHY IT MATTERS

A stablecoin is a type of cryptocurrency that tries to keep its price steady, usually matching one US dollar per token.

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SOURCES

  • thedefiant.io

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