$XRP $ETH Ripple's XRP Gains Stablecoin

Status From World Bank

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The World Bank has officially recognized Ripple's

native cryptocurrency, XRP, as a stablecoin. This

classification marks a significant milestone for

Ripple and its digital asset, underscoring its

growing acceptance and utility in the global

financial landscape. The discussion around this

development was sparked by a tweet from a well-

known Ripple supporter, leading to further

insights from Sean McBride, a former director at

.Ripple

Ripple's strategic vision and XRP's utility

In response to the discussions initiated on social

media, Sean McBride reiterated his confidence in

XRP's utility and the strides made towards its

widespread adoption. Despite the speculation

surrounding Ripple's potential issuance of a new

stablecoin, McBride highlighted the World Bank's

recognition of XRP as a stablecoin. This

acknowledgment validates Ripple's efforts to

position XRP as a reliable medium for cross-

border payments and settlements and hints at