Ripple's RLUSD stablecoin is expected to be available only to institutional investors, according to Ripple CTO David Schwartz. In response to an XRP user's concerns about preventing misuse, Schwartz confirmed that RLUSD will likely follow a model similar to USDC and USDT, which are typically only directly accessible to institutions. RLUSD, fully backed by US dollars and government bonds, is designed to bridge traditional finance and DeFi. Ripple plans for global usability and transparency, issuing monthly reserve attestations as the stablecoin undergoes testing on both the XRPL and Ethereum. Source: Beincrypto