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Ripple to launch its stablecoin โ Everything you need to know
Ripple, the company issuing the XRP token, plans to launch a US dollar-backed stablecoin to compete with heavyweights like Tether (USDT) and Circle (USDC). This stablecoin, whose name has not yet been revealed, will be launched on the Ethereum environment and on the Ripple blockchain as an ERC-20 token.
Ripple prepares a stablecoin pegged to the US dollar
A stablecoin designed to compete with market giants Tether, with its USDT now capitalized at more than $100 billion, and Circle, with its USDC which is approaching $33 billion: this is what Brad Garlinghouse announced , the CEO of Ripple, in an interview .
The company issuing XRP intends to launch a stablecoin backed by the dollar, which will be launched on the Ethereum environment and on the Ripple blockchain in the form of an ERC-20 token . The stablecoin, whose name has not yet been revealed, is expected to be released later this year.
As part of an interview with our colleagues at The Block, David Schwartz, Ripple's CTO, indicated that the company would have liked to launch a stablecoin sooner , but that economic factors had led them to be somewhat cautious. The increase in interest rates would have changed the situation and made the market more attractive, according to him.
#BinanceSquareCreator #RIPPLED #XRP/USDT๐ฅ๐ฅ:
Ripple, the company issuing the XRP token, plans to launch a US dollar-backed stablecoin to compete with heavyweights like Tether (USDT) and Circle (USDC). This stablecoin, whose name has not yet been revealed, will be launched on the Ethereum environment and on the Ripple blockchain as an ERC-20 token.
Ripple prepares a stablecoin pegged to the US dollar
A stablecoin designed to compete with market giants Tether, with its USDT now capitalized at more than $100 billion, and Circle, with its USDC which is approaching $33 billion: this is what Brad Garlinghouse announced , the CEO of Ripple, in an interview .
The company issuing XRP intends to launch a stablecoin backed by the dollar, which will be launched on the Ethereum environment and on the Ripple blockchain in the form of an ERC-20 token . The stablecoin, whose name has not yet been revealed, is expected to be released later this year.
As part of an interview with our colleagues at The Block, David Schwartz, Ripple's CTO, indicated that the company would have liked to launch a stablecoin sooner , but that economic factors had led them to be somewhat cautious. The increase in interest rates would have changed the situation and made the market more attractive, according to him.
#BinanceSquareCreator #RIPPLED #XRP/USDT๐ฅ๐ฅ:
WELL I'M FEELING #RIPPLED TODAY ๐
XRP so far to me has been the strongest crypto even tho it's had some lawsuits at it's neck ...got me rippled ๐๐ฎโ๐จ๐
#XRP would be solving their case once and for all ๐คท RIPPLE has already bought a majority of the XRP tokens over 1BILL. resulting in scarcity of the supply
As we all know the more scarce the higher the price , decrease in supply greatly increases the edge of demand rasing prices
WHAT'S YOUR THOUGHTS ON THIS ? ARE WE JUST HOPING ,OR IT'S A SURE PREDICTION ?๐ค๐ฅน
#BullorBear
#BinanceLaunchpool
#Memecoins
XRP so far to me has been the strongest crypto even tho it's had some lawsuits at it's neck ...got me rippled ๐๐ฎโ๐จ๐
#XRP would be solving their case once and for all ๐คท RIPPLE has already bought a majority of the XRP tokens over 1BILL. resulting in scarcity of the supply
As we all know the more scarce the higher the price , decrease in supply greatly increases the edge of demand rasing prices
WHAT'S YOUR THOUGHTS ON THIS ? ARE WE JUST HOPING ,OR IT'S A SURE PREDICTION ?๐ค๐ฅน
#BullorBear
#BinanceLaunchpool
#Memecoins
Ripple's Entry into Stablecoin, How Will It Affect XRP?
Ripple has pronounced XRP dead, or more accurately, Ripple CEO Brad Garlinghouse said the exact opposite when he announced the company would launch a USD-linked stave coin later this year, but in the big picture, XRP's usefulness is declining (sorry XRP Army, it's my job to tell the facts as they are).Seeking the Next Source of RevenueRipple's stablecoin, which is expected to launch later this year, will be backed one-to-one by cash equivalents, including U.S. dollar deposits, U.S. Treasuries, and other low-risk investments to create a more reliable alternative to assets like Te0zer (USDT) and Circle's USD Coin (USDC), according to the company announcement. As many others have pointed out, the $150 billion stable coin market is already highly competitive, but also extremely profitable.USDT, the first and largest stablecoin currently dominating the market, is being used as a dollar store to fund CEO Paolo Ardoino's many ambitions (from AI to decentralized messaging).Ripple, which could face fines of up to $2 billion from the U.S. Securities and Exchange Commission (SEC), may be looking for a new, reliable source of revenue, Garlinghouse told CNBC, seemingly unfazed by the stiff competition.In many respects, Ripple's existing business model (XRP Ledger, On Demand Liquidity, and the sale of financial services based on the RippleNet protocol) is inadequate.While Ripple has had some success in building partnerships, it seems increasingly clear that legitimate financial institutions are unwilling to tolerate the volatile currency risk of dealing with crypto assets whose prices are not stable.Ripple's 10+ year history has often seemed brilliant in building a community (the XRP Army) and in pursuing a philosophy of crypto assets (it fought a legal battle with the SEC on the key issue of whether tokens are securities), but it has been less successful in creating a product that businesses and individuals actually want to use. No one uses XRP itself as a payment method, just like almost no one uses Bitcoin (BTC) as a payment method," said Austen Campbell, a professor of business at Columbia University and former manager of the Paxos Stablecoin Fund.
#RIPPLED #BitcoinAwareness #BullorBear
#RIPPLED #BitcoinAwareness #BullorBear
The raining blood ๐ฉธ everywhere is bleeding. To the wise ones it time to go fishing, market is deep no coin has value. #BTC๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ #EthereumDown #ENA #RIPPLED all are down.
Buy coin today, is not wasting of money. but plan for the future. Buy as many as you want and enjoy selling them later. All coins no levels they are dangling.
#write2earn๐๐น
Buy coin today, is not wasting of money. but plan for the future. Buy as many as you want and enjoy selling them later. All coins no levels they are dangling.
#write2earn๐๐น