#MarketNewHype
Ripple's Chief Technology Officer David Schwartz warns against early speculative purchases of RLUSD, as prices may temporarily spike due to a lack of supply and excitement surrounding the launch.
The price of RLUSD is expected to stabilize near the $1 mark as supply normalizes, reflecting its design as a compatible and reliable stablecoin for practical use.
Although the launch of RLUSD prompted a price offering of $1,200, Ripple (XRP) is currently trading at $2.39, slightly down by 1.06% over the last day and by 0.79% over the last week. Schwartz emphasized that RLUSD is not intended for speculative profit and advised users not to overpay in the early stages.
