Ripple clarifies RLUSD does not compete with XRP, both assets are complementary

Confusion has circulated within the XRP community regarding the role of RLUSD, amid rumors that Ripple Labs’ new digital dollar might challenge or even replace XRP. Crypto researcher SMQKE addressed this misconception in a recent video analysis, directly contrasting the fundamental purposes and mechanisms of both RLUSD and XRP. Ripple Labs is a US-based company known for developing global payment solutions, primarily through the XRP Ledger and its native cryptocurrency, XRP. The company introduced RLUSD as a regulated dollar-backed stablecoin, designed to function alongside XRP rather than in opposition to it.

Source: CoinTurk News