The #Ripple CTO has cautioned investors against seeing the forthcoming Ripple stablecoin RLUSD as an opportunity to record substantial returns.

Ripple‘s RLUSD launch plans have been a source of significant excitement in the XRP community in recent months. Proponents expect that the stablecoin will bolster liquidity and DeFi activity on the XRP Ledger, all of which could support XRP’s price.

Following the recent New York State Department of Financial Services (NYDFS) green light, anticipation of the product’s launch is reaching a fever pitch, sparking a note of caution from Ripple CTO David Schwartz.

“Not an Opportunity to Get Rich”

Ripple CTO David Schwartz has warned against panic buying RLUSD at launch. 

“Please don’t FOMO into a stablecoin! This is not an opportunity to get rich,” the Ripple exec stressed in an X post on Sunday, December 15.

The warning came as a pre-market valuation of 1 RLUSD at over 500 XRP worth more than $1,200 made the rounds online.

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