Ripple got the SEC case settled and they are now setting out to launch the stablecoin. This stablecoin is regulated by US treasury and also going to get the SEC approval before it can get launched. Ripple is not turning any stones unturned this time. And they are making the coin only available to the centralized exchanges and the payment providers for the remittance. 

They are explaining the launch process  and the features of the Ripple labs. So the below tweet explains how that is going to be in upcoming times. 

The stablecoin is about to be launched on the Ethereum Layer 2. And the layer 2 chain would have specific set of the launch process where the centralized banks and the exchanges would get the option to list it while the regulation and approval process would push the launch. 

You can check the below contract details to verify the Ripple USD. 

1:1 backed stablecoin with the US treasury backed settlements. So it is as good as fiat based payments that would be done cross border and also the settlement based payment providers would be making use of the same. 

Check the official news for the Ripple USD launch here.