Better than the dollar?: A new free currency will emerge that will change everything

Cryptocurrency company Ripple plans to launch its own digital dollar to compete with USDT and USDC.

What is it about? USDT (Tether) is the most traded cryptocurrency globally. Beyond Bitcoin and Ethereum.

This is mainly because it is a stable currency that maintains the same value as the dollar and can be purchased at any time without time or quantity restrictions.

At the same time, it is a very attractive alternative to savings that can practically be "dollarized" without delays or bureaucratic procedures. This is common in traditional financial systems.

However, a new player (originally American) enters the market and prepares to shake up the empire of the most famous "cryptodollar" in the world.

All the details, below.

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The new cryptocurrency: what are Ripple's plans? Featured digital assets confirmed by researcher Anderson (@X__Anderson).

This asset is reportedly backed by dollars and will compete with Circle and Tether (major stablecoin issuers) for market share in the next five years.

Initially, the issuance of this asset will be carried out on the XRP Ledger and Ethereum blockchains.

Anderson's comments suggest that Ripple is adjusting the price of its stablecoin to adapt to more complex US regulations.

For reference, the company is currently embroiled in a legal dispute with the US Securities and Exchange Commission (SEC), which claims that Ripple offered XRP as an unregistered security to retail and institutional clients.

According to the report, the asset will be backed by the dollar and will compete with Circle and Tether for market share. #theter #Dolar #RippleXRP