Former Ripple Engineer Teases Mysterious Startup with RLUSD

A former Ripple engineer has hinted at a new startup that will utilize Ripple's dollar-pegged stablecoin, RLUSD. The project is still shrouded in mystery, with no official name or white paper released yet.

The developer, known online as Bias Goose and now working in developer marketing at Walrus Protocol, posted on social media 'We will make RLUSD great again,' making it clear that the stablecoin will be at the center of the new project.

The startup aims to move real-world business onto the blockchain by working with a closed-off traditional economy sector. Its technical structure remains undisclosed, but its economic model has been mentioned as focusing on generating net profit from real-world business.

Unlike typical crypto projects, this startup will not issue its own token or offer manipulated incentives, instead aiming for profitability higher than any other stablecoin in the market. The project's high-yield structure is highlighted, but no business structure or risk management method has been disclosed to support it.