Ripple Files Trademark for RLUSD Stablecoin

The post Ripple Files Trademark for RLUSD Stablecoin appeared first on Coinpedia Fintech News

Ripple has filed a new trademark for the RLUSD stablecoin, instead of ‘USDR’ or ‘USDX’. The application for the RLUSD trademark was lodged with Justia, a U.S. legal database, on May 7. This move relates to the stablecoin Ripple intends to introduce in 2024, confirming speculation that RLUSD is likely to be the ticker symbol for Ripple’s forthcoming stablecoin. This decision has sparked diverse opinions among community members, with some criticizing the choice as ‘terrible’ and suggesting that alternatives like USDX and USDR would be superior. Critics also argue that USDX and USDR would potentially appeal more to retail consumers than RLUSD.