$BNB $Ripple announced its own stablecoin on its X page

Despite the obstacles and legal proceedings, the guys move on

According to the statement, this year there will be

$RLUSD (Ripple USD) - a stablecoin that will be backed by the US dollar 1:1

Which in turn will ensure transparency and stability in XRP Ledger and Ethereum

The company also plans to expand stablecoin support beyond the XRP Ledger and Ethereum networks to other blockchains, protocols, and decentralized finance (DeFi) applications.

According to representatives of the Ripple company, they expect that the new token will be a full-fledged competitor to the stablecoins USDT and USDC.

In turn, the $XRP token reacted with a 3% increase to the news.

Do you believe in them?

Keep it in your portfolio?