On December 16, #Ripple CTO David Schwartz said that Ripple's dollar-pegged stablecoin may be "short in supply" in the early stages of its launch, but he warned investors not to "FOMO." He expects RippleUSD (RLUSD) to see large fluctuations $XRP
immediately after launch, and although the token is designed to maintain a 1:1 peg with the US dollar, there are still several large orders.
He pointed out that before the launch, some small initial pre-listing bids for the currently unissued RLUSD artificially inflated its value. A post on X shows that 1 RLUSD is worth about 511 XRP (worth $1,244 at current prices) and is located in a Ripple wallet called Xaman. "Someone is willing to pay $1,200/RLUSD for a small portion of RLUSD," Schwartz said, saying that the bid looks like someone wants the "honor" of buying the first RLUSD to enter the market.
He added: "But rest assured, once supply stabilizes, the price will return to very close to $1. If not, then something is very wrong. Please don't buy stablecoins because of FOMO, this is not an opportunity to get rich." #RLUSDApprovalBoostXRP $XRP
