Ripple’s Stablecoin Could Cause a Storm Upon Arrival 🌟💫🔥

As Christmas approaches and 2024 comes to an end, the crypto ecosystem continues to make headlines with new ambitious projects. If Bitcoin continues to approach $110,000, Ripple is preparing to launch its stablecoin RLUSD, an initiative that could shake up the market. But behind this enthusiasm, warnings about initial volatility are multiplying, most notably from David Schwartz, CTO of Ripple. 🔥

The arrival of the revolutionary stablecoin RLUSD, backed by the dollar, is already causing panic among traders, despite David Schwartz’s warnings. Upon launch, the market could experience a temporary shortage, leading to unexpected volatility for the supposedly stable asset. Schwartz didn’t mince his words in the tweet 🔥

Schwartz remains confident: Once the supply stabilizes, RLUSD should reclaim its $1 anchor. If it doesn’t, “there will be a very serious glitch,” he said.

Some key figures:

One RLUSD is being offered at $1,200 ahead of launch;

Planned pairing with XRP to stabilize price;

Launch approved by New York regulators.$XRP 🔥 $RLUSD 🔥