Ripple CTO David Schwartz recently addressed the de-pegging of RLUSD, Ripple's new stablecoin, on crypto payment platform Xmax. RLUSD briefly displayed a $1,200 price tag, leading to speculation and concern. In a series of tweets, Schwartz explained that such volatility is possible in the early stages of a stablecoin launch due to a lack of supply. He assured the community that once the supply is live, the peg to $1 should be re-established quickly through arbitrage. Schwartz emphasized that stablecoins are not get-rich-quick schemes and advised against FOMO (fear of missing out). He reminded the community of RLUSD's regulatory approval from the New York State Department of Financial Services (NYDFS), signifying its legitimacy. This incident highlights the importance of understanding the risks associated with cryptocurrencies, especially during the launch phase. Investors should exercise caution and conduct thorough research before making any investment decisions.

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