According to Odaily Planet Daily, Ripple CTO David Schwartz revealed the company's upcoming integration at the recent XRP Las Vegas Conference. He introduced relevant information about XRP Ledger, including AMM, lending protocols, Ripple stablecoins, and artificial intelligence. Schwartz pointed out that the details of Ripple's stablecoin will be announced at the XRPL Apex event in Amsterdam next month.

Earlier news, Ripple will issue a stablecoin backed by the US dollar. The company said that the token is planned to be issued "later this year" and will be "100% backed by US dollar deposits, short-term US government bonds and other cash equivalents". The stablecoin will first be deployed on Ripple's institution-centric XRP Ledger and Ethereum blockchain, and will be based on Ethereum's ERC-20 token standard.