**David Schwartz**, Ripple's CTO, has warned against getting carried away by FOMO (fear of missing out) sentiment when it comes to buying the stablecoin **RLUSD**. 📉
#📈 Temporary high prices
The warnings come after RLUSD saw bids of up to $1,200 per unit on the **Xaman** trading platform, despite its primary goal of maintaining a stable price at $1. 🪙
**Schwartz** stressed that these price increases are just a temporary phenomenon, resulting from limited demand at first. As supply increases and the market stabilizes, the coin is expected to return to its target value of $1. 💵
🌟 RLUSD Goals
**Schwartz** added that RLUSD was designed to maintain price stability, not to generate speculative gains.
🚀 Coming soon
RLUSD is set to launch after receiving approval from the **New York Department of Financial Services**. With this coin, Ripple aims to promote integration between traditional and decentralized finance (DeFi), enhancing payment infrastructure and providing broader use cases for its network. 🌐
🔮 A promising future
Despite the dominance of market giants like Tether's **USDT** and Circle's **USDC**, Ripple sees huge opportunities, with **Schwartz** predicting the stablecoin market will exceed $2 trillion by 2028! 🌟
Stay tuned and don't let FOMO drive you crazy! 🚫