Increase in the price of $XRP after the launch of its stablecoin and ISO regulation
The increase in the price of XRP following these events is a highly probable scenario and can be attributed to several interrelated factors:
1. Launch of a stablecoin backed by XRP:
Greater utility: A stablecoin linked to XRP significantly increases the use cases for the latter. By enabling more stable and predictable transactions, its reach expands beyond mere value transfers.
Increased demand: The new stablecoin could attract new investors seeking a more stable option within the XRP ecosystem.
Greater institutional adoption: Financial institutions may feel more secure operating with XRP if there is a stablecoin backed by it, which could drive greater adoption.
2. Regulation under the ISO standard:
Legitimacy: Adherence to international standards such as ISO grants XRP greater legitimacy and credibility in the global financial market.
Greater investor confidence: Institutional and retail investors often prefer assets that comply with recognized regulatory standards, which could lead to a greater influx of capital into XRP.
Opening of new markets: ISO regulation could facilitate the entry of $XRP into new markets and jurisdictions, expanding its user base.