Ripple (XRP) Is Going To Launch Their Own Stable Coin !!!

Ripple's strategy is to target enterprise customers and banking institutions with its token, emphasizing the importance of compliance and the need to justify decisions to stockholders and regulators. Ripple is using U.S. banks to hold reserves and adopting a "compliance-first mindset" to cater to this market segment. While USDC is currently the market leader among compliance-oriented stablecoins, Ripple's CTO, David Schwartz, believes there's room for competition, expressing that even being a solid number three in the market could be considered successful if the market grows significantly.

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