According to U.Today, Ripple CEO Brad Garlinghouse recently announced plans to launch a USD stablecoin on the XRP Ledger at the Paris Blockchain Week. The event, one of Europe's largest blockchain gatherings, served as a platform for Ripple to share its latest developments and future plans. Garlinghouse joined XRPL Commons CEO David Bchiri on stage to discuss Ripple's upcoming projects and the growth of the XRP Ledger community.
Garlinghouse expressed his enthusiasm about the growth of the XRP Ledger community and the upcoming launch of the USD stablecoin. The stablecoin, which will be pegged 1:1 to the USD, is expected to be launched on the XRP Ledger and Ethereum later this year. Stablecoins are seen as a crucial entry point to DeFi, and the introduction of an enterprise-grade stablecoin to the XRP Ledger is anticipated to increase use cases, liquidity, and opportunities for developers and users.
Ripple's move into stablecoins is not just about innovation, but also about contributing to the XRPL ecosystem and laying the foundation for a more diverse and robust crypto landscape. The XRP Ledger has been steadily growing in terms of technology and community. A significant milestone was recently reached with the XRP Ledger surpassing the five million account mark. The current XRPL account count stands at 5,156,602, indicating the expanding adoption of the broader XRP Ledger ecosystem.