Ripple CEO: RLUSD Ranked Number 1 Most Trusted Stablecoin

Ripple chief executive officer Brad Garlinghouse has published a proud X post, bragging to the XRP community about a major acknowledgement earned by Ripple’s latest product – the Ripple USD stablecoin (RLUSD).

RLUSD gets A rating from Bluechip stablecoin agency

Garlinghouse tweeted that last Friday, when the US government finally passed the Genius Act that regulates the circulation, usage, and emission of stablecoins in the US, the major stablecoin rating agency ranked Ripple’s dollar-pegged RLUSD as “the *#1* most trusted stablecoin in the market.”

The X post retweeted by Ripple CEO also stated that Bluechip believes RLUSD to e one of the safest stablecoins available in the market. Now, it has been given an A rating.

Speaking of this stablecoin, just yesterday, on July 23, Ripple released another batch of it after a four-day break – 25,000,000 RLUSD. The previous minting was done on July 21 and 18 when 5,000,000 and 5,000,000 RLUSD were released from the Ripple Treasury.

Ripple CEO warns of XRP scam on YouTube

In a tweet that came out earlier, Garlinghouse issued an important message to the XRP community, warning them against falling for scammers’ tricks. The CEO stressed that during market rallies, scammers become particularly active.

Now, that Bitcoin has soared in price, pulling the rest of the cryptocurrency market, along with XRP, along with it upwards, there is a new scam on YouTube that is targeting XRP army and is impersonating the official account of Ripple: “PLEASE BEWARE of the latest scam targeting the XRP family on YouTube and impersonating Ripple’s official account!”

Garlinghouse said that the Ripple team will continue to report such con artists to the YouTube tech support and urged the Ripple community to do likewise: “We will keep reporting these - please do the same.”

He also reminded an old but important wisdom – if something sounds too good to be true, it probably isn’t good indeed.