**Key Points:**
– The XRP Ledger has recently completed a code review to incorporate RLUSD integration with Automated Market Makers (AMMs), with additional updates forthcoming.
– Ripple has issued a caution to users about potential scams, as the stablecoin has not been officially launched yet.
**Latest RLUSD Developments:**
In April, Ripple announced plans to launch a stablecoin called RLUSD, pegged 1:1 to the US dollar. This news generated significant interest within the XRP community. RLUSD will be available on both the XRP Ledger (XRPL) and Ethereum. Ripple’s CEO, Brad Garlinghouse, indicated that it could act as a bridge between the cryptocurrency sector and traditional finance.
Recently, the team conducted private beta testing by minting and burning thousands of RLUSD tokens. A well-known community member, Vet, mentioned that the XRP Ledger amendment for tokens like the upcoming stablecoin in AMMs has passed a code review. The next step involves some final adjustments and merging into a new rippled release for validator voting.
Despite speculations about RLUSD being live, it hasn’t been launched yet. Vet emphasized that its release is at Ripple’s discretion and will be accompanied by extensive public communication.
**Warning:**
Ripple has issued a scam alert, reminding users that RLUSD is still in its beta testing phase. They advised caution against individuals falsely claiming otherwise.
**Twitter Update:**
PSA: Ripple USD (RLUSD) is still in private beta, and while you may see on-chain activity, it’s not available yet. Beware of anyone claiming to distribute #RLUSD. Keep an eye out for the latest updates, and stay vigilant against scams! — Ripple (@Ripple) September 30, 2024
