$XRP XRP's current price is $2.34. As for its price prediction, experts forecast a steady growth in the mid-hundreds, with a potential high of $345 if it clears all-time highs .
Regarding Ripple's stablecoin, RLUSD, it's expected to be a game-changer in the crypto space. Although the launch date hasn't been officially announced, Ripple has confirmed that it's working closely with the New York Department of Financial Services (NYDFS) to secure final approval before proceeding with the launch. The stablecoin will be fully backed by US dollar deposits, short-term US government Treasury securities, and cash equivalents ².
Here are some key features of Ripple's stablecoin:
- *Backing*: 1:1 backed by a combination of highly reliable assets, including US dollar deposits, short-term US government bonds, and other cash equivalents.
- *Compliance*: Prioritizing a "compliance-first" model, aligning with global regulatory standards.
- *Transparency*: Focusing on transparency, with periodic audits and disclosures to ensure trust and stability.
- *Utility*: Expected to play a significant role in the Ripple ecosystem, complementing XRP and facilitating various financial transactions.
