Ripple, the San Francisco-based payments company, has unveiled a new website for its upcoming dollar-pegged stablecoin, called Ripple USD (RLUSD). This stablecoin will be issued on both the XRP Ledger and the Ethereum (ETH) blockchain and promises to be fully backed by cash and cash equivalents, guaranteeing its 1:1 redemption for US dollars.

Focus on Regulatory Compliance
As detailed on the new website, the availability of Ripple USD will be conditional on regulatory approval, underscoring Ripple's commitment to compliance in the strict regulatory landscape for digital assets. The company emphasizes that RLUSD aims to be a “regulation-compliant stablecoin,” aligning with the requirements of the broader financial system.   The launch of this stablecoin follows Ripple's announcement in April, which quickly became a point of contention with the US Securities and Exchange Commission (SEC). In a May court filing, the SEC described Ripple USD as a “new unregistered crypto asset,” fueling the ongoing legal battle that began in late 2020 when the SEC sued Ripple for allegedly selling XRP as an unregistered security. registered.   Judicial Decisions and Ripple's Legal Position
The legal dispute resulted in a partial victory for Ripple last year when US District Judge Analisa Torres determined that automatic sales of XRP on Ripple's open market did not constitute securities offerings, contrary to allegations by the SEC.  

However, the judge agreed with the SEC that Ripple's direct sales of XRP to institutional buyers did qualify as securities offerings. This mixed result continues to shape Ripple's strategies as it navigates the complex regulatory environment surrounding cryptocurrencies.

As Ripple moves forward with its plans for Ripple USD, the company remains at the forefront of defining how cryptocurrencies interact with regulatory frameworks, particularly in the US. The result of Ripple's efforts could set significant precedents for the stability and regulatory compliance of stablecoins in the financial market.