• Testing of Ripple stablecoin RLUSD begins on the Ethereum mainnet and XRP Ledger. 
• Ripple legal head Stuart Alderoty comments on SEC appeal and final ruling in lawsuit. 
• XRP adds 3% on the day, eyeing a  comeback to the psychologically important $0.60 level.

Ripple (XRP) recovers on Monday, almost erasing Sunday’s losses, as the payment-remittance firm begins testing its stablecoin Ripple USD (RLUSD) on the Ethereum mainnet and XRP Ledger. Ripple is awaiting regulatory approval on its stablecoin, so RLUSD is currently in private beta. 

The gains in the token came after Ripple’s Chief Legal Officer (CLO) Stuart Alderoty commented on the recent lawsuit ruling between the firm and the US  Securities & Exchange Commission’s (SEC), namely over whether an appeal is likely to be filed by the regulator.