BlockBeats news, on December 16, Ripple Chief Technology Officer David Schwartz stated that the stablecoin pegged to the US dollar may experience a "supply shortage" during its initial launch, but he warned investors not to "FOMO." He anticipates that RippleUSD (RLUSD) will experience significant volatility immediately after its launch, although the token is designed 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 RLUSD, which has not yet been released, artificially inflated its value. A post on X shows that the value of 1 RLUSD is approximately 511 XRP (worth $1,244 at current prices), located in a Ripple wallet named Xaman. "Someone is willing to pay $1,200/RLUSD for a small portion of RLUSD," Schwartz said, indicating that this bid seems like someone wants to "honorably" purchase 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 $1. If not, then there is a big problem. Please do not buy the stablecoin due to FOMO; this is not an opportunity to get rich." (Cointelegraph)
