Actually, XRP is not a stablecoin. It's the native cryptocurrency of the **Ripple** network, designed primarily to facilitate fast and low-cost cross-border payments. Unlike stablecoins, which are typically pegged to a stable asset like the US dollar (e.g., USDT or USDC), XRPâs value fluctuates based on market demand and supply.
XRPâs main appeal lies in its speed and efficiency, especially in international financial transfers, but it is subject to the same volatility as other cryptocurrencies like Bitcoin or Ethereum.
If you thought of it as a stablecoin due to its price holding steady for a while, that might have been just a short-term trend!
