Odaily Planet Daily News Ripple's Chief Technology Officer David Schwartz stated that the stablecoin pegged to the US dollar by Ripple may experience a 'supply shortage' in the early stages of its launch, but he warned investors not to 'FOMO'. He expects RippleUSD (RLUSD) to experience significant volatility immediately after launch, despite the token's aim to maintain a 1:1 peg to the US dollar, there are still several large orders. He pointed out that before the launch, some small initial pre-listing bids for the currently unissued RLUSD artificially inflated its value. A post on X showed that the value of 1 RLUSD is approximately 511 XRP (valued at $1,244 at current prices), located in a Ripple wallet called Xaman. 'Someone is willing to pay $1200/RLUSD for a small portion of RLUSD,' Schwartz said, indicating that it seems someone wants to 'honorably' buy the first batch of RLUSD to enter the market. He added: 'But rest assured, once the supply stabilizes, the price will return very close to the $1 level. If not, there’s a big problem. Please do not buy stablecoins due to FOMO, this is not an opportunity to get rich.' (Cointelegraph) Previously, Ripple CEO Brad Garlinghouse announced on the X platform that the stablecoin RLUSD has been approved by the New York Department of Financial Services (NYDFS), and the list of exchanges and partners will be online soon.

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