Ripple’s CTO Confirms RLUSD Can Be Temporarily Frozen for Compliance
David Schwartz, the Chief Technology Officer of Ripple, confirmed that the Ripple USD (RLUSD) stablecoin has the capability of being temporarily halted or reversed. This feature exists to comply with legal or regulatory mandates. Such confirmations are crucial for ensuring stakeholders understand the compliance mechanisms associated with digital assets, fostering trust and stability within the crypto market. This revelation aligns Ripple with regulatory expectations and considerations.