Ripple's CTO, David Schwartz, has issued a cautionary note regarding potential "supply shortages" of Ripple's upcoming US Dollar-pegged stablecoin, RLUSD. Despite its design to maintain a 1:1 parity with the US dollar, Schwartz anticipates initial volatility due to large orders and pre-market bids inflating its value. He advises against FOMO, emphasizing that RLUSD's price should stabilize near $1 once supply levels out. Ripple CEO Brad Garlinghouse announced RLUSD's regulatory approval, with plans to integrate it alongside XRP for cross-border payments, targeting institutional clients.
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