To all my friends! My opinion regarding Binance official announcement on square titled “Ripple CTO Warns of Potential Volatility in New Stablecoin Launch”. Other than the noise on the market, remember so many would talk from their experiences, and it can be very good or very sad, the difference resides in the veracity of the information presented, and conducting your own research. I hope that you have been keeping an eye on the official announcements regarding so many stable coins being created, listed, minted, etc. I really hope this make you wonder why? If not, this may be one reason, I believe that the expectation based on t current market conditions and volatility, every day new investors (actors) whether they’re individual, corporate, agencies or even governments are jumping in this rollercoaster, and they are doing it so in a highly risky and volatile time, think about how many companies recently acquired thousands and hundreds of $BTC Well, if history has shown something it can easily be that at some point targets will be met, investors/traders/individuals will cash out profits and market will follow their cycle, every cycle is happening even faster now based on the new Hodlers. Hence the need for the exchanges to make sure they can cover the need/demand for stable coins when the mass cash out happen, and trust me, it will happen again, the fact of the matter is just when.

So, don’t get too excited about the $XRP and its new stable coins, that can only tell you massive amounts of money will be cashed out.

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Disclaimer: my opinion doesn’t constitute financial advice, always conduct your own research and know your assets, since the crypto market and trading involves high risk.