Ripple, a leading cryptocurrency company, has announced its plans to launch a new stablecoin, Ripple USD (RLUSD), on the XRP Ledger and Ethereum platforms later this year. The RLUSD stablecoin is designed to bridge the gap between traditional finance and the cryptocurrency sector, and is pegged to the value of the US dollar. However, the US Securities and Exchange Commission (SEC) has labeled RLUSD as an "unregistered crypto asset", continuing its ongoing legal dispute with Ripple.

The launch of RLUSD has been highly anticipated, with Ripple's CEO, Brad Garlinghouse, stating that the stablecoin could act as a conduit between conventional finance and the cryptocurrency industry. Some cryptocurrency enthusiasts believe that the launch of RLUSD could trigger a price rally for Ripple's native token, XRP. Despite the controversy surrounding RLUSD, Ripple remains committed to its launch, with plans to expand its reach globally over the next three years.

The SEC's labeling of RLUSD as an "unregistered crypto asset" is the latest development in its ongoing legal battle with Ripple. The SEC filed a lawsuit against Ripple in December 2020, accusing the company of illegally raising over $1.3 billion by selling XRP in an unregistered security offering. Despite this, Ripple has secured three partial court victories in 2023, leading to a significant price resurgence for XRP.

Ripple's plans for global expansion remain a priority, despite regulatory challenges in the US market. The company's ambition is to dominate future financial infrastructure, with XRP playing a key role in the monetary system. The launch of RLUSD is a significant step towards achieving this goal, and could potentially trigger a new wave of adoption for Ripple's technology.

In conclusion, Ripple's launch of RLUSD is a significant development in the cryptocurrency sector, despite the ongoing legal dispute with the SEC. The stablecoin has the potential to bridge the gap between traditional finance and cryptocurrency, and could trigger a price rally for XRP. Ripple's commitment to global expansion and its ambition to dominate future financial infrastructure make it a key player in the cryptocurrency sector.