$XRP

XRP Army is baffled by Ripple CTO's cryptic tweet.

The XRP community has taken notice after Ripple Chief Technology Officer David Schwartz, also known as "JoelKatz" on X, posted another cryptic tweet.

On this occasion, he shared a picture of a logo hidden behind a storefront window. It says "Sunscream" on the company's logo. In response to Schwartz's tweet, the XRP community swiftly shared what they associated with the word "scream."

However, many people ignored the tweet itself and instead began to ask questions in the comments about the price of XRP and Ripple's future stablecoin.

Hello, what will be the name of the stable coin created by ripple?

— April 5, 2024, XRP_Bandit💰

Schwartz is well-known for regularly posting cryptic content on the X platform in an attempt to gain a lot of interaction.

Ripple will develop Ethereum and XRPL assets.

According to a press release from Ripple, the new asset will have full backing from other cash equivalents as well as USD deposits. An accounting firm that has been specifically hired for this purpose is to audit these funds. Attestations will be made available by Ripple once a month.

The stablecoin market is currently valued at $150 billion, but it is predicted to reach a staggering $2.8 trillion in value over the next four years. With its vast experience creating financial solutions for numerous international financial institutions, Ripple hopes to use this experience to help the market meet the steadily increasing demand and introduce its own stablecoin.

With the goal of eventually expanding to other blockchains and DeFi apps, the stablecoin will function on both the Ethereum blockchain and the XRP Ledger.

In response, Brad Garlinghouse, the CEO of Ripple, said that building a digital bridge between the traditional financial system and the emerging world of cryptocurrencies and blockchain is a very logical step for Ripple.

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