Ripple plans to launch a stablecoin later in 2024 that is “100% backed by US dollar deposits, short-term US government Treasuries, and other cash equivalents”
Today's edition is brought to you by BetterHelp … Brenda Ngari / ZyCrypto : XRP Eyes Mega Surge To High Prices As Ripple Readies To Storm $155 Billion Stablecoin Market Mehron Rokhy / The Daily Hodl : Ripple Announces Plans To Launch a US Dollar-Pegged Stablecoin on XRP Ledger and Ethereum Vivian Nguyen / Crypto Briefing : Ripple to debut a dollar-pegged stablecoin on XRP Ledger and Ethereum this year Nicholas Kitonyi / NFTgators : Ripple Expands Digital Asset Strategy With a Stablecoin Pegged to US Dollar Richard Lawler / The Verge : Ripple is going to launch its own stablecoin. Wayne Jones / CryptoPotato : Ripple Announces the Launch of a Stablecoin Pegged to US Dollar Ronaldo Marquez / NewsBTC : Ripple Prepares To Shake Up $150B Market With Imminent Launch Of New Stablecoin Joshua Ramos / Watcher Guru : Ripple to Launch Stablecoin Pegged to the US Dollar CryptoGlobe : Ripple Plans to Launch USD-Backed Stablecoin on Ethereum and XRP Ledger Bessie Liu / Blockworks : Ripple to issue stablecoin backed 100% by cash equivalents RT Watson / The Block : Ripple to launch USD stablecoin that CTO David Schwartz hopes will rival USDT and USDC Jalpa Bhavsar / The Crypto Times : Ripple to Launch USD Stablecoin to Rival USDT and USDC Bluesky: Robert Hill / @robert.hill.cx : I admit I'm a cryptocurrency skeptic and not super into finance in general, so can someone explain the point of this? It just feels a lot like a mutual fund with extra steps. X: Brad Garlinghouse / @bgarlinghouse : Launching a stablecoin is a natural step for Ripple as we bridge the gap between traditional finance and crypto. We have 1/ the years of experience 2/ regulatory footprint 3/ a strong balance sheet and 4/ a network with near global payout coverage, to offer the best of... @ripple : 1/ The stablecoin market is booming - around $150B today, and projected to soar past $2.8T by 2028. There's a clear demand for trust, stability, and utility. That's why later this year we're launching a stablecoin pegged 1:1 to the USD on the XRP Ledger and Ethereum.... Boris Alergant / @borissimo_ : I am thrilled to announce that after over a year of hard work and dedication, we are finally launching our very own stablecoin! It feels like just yesterday when I penned down the idea of a Ripple Stablecoin and presented the concept to executives. The journey from that initial... @joelkatz : A high-quality USD stablecoin on the XRPL - with its decentralized exchange and features like issued currencies, auto-bridging (that uses XRP as the native currency to facilitate trades between other assets), and the AMM — will be a gamechanger for users and devs. Monica Long / @monicalongsf : Stablecoins play a vital role as on/off ramps to USD. In the wake of last year's banking crisis, they're necessary for traditional institutions (esp in the US) to access crypto markets. I'm incredibly excited for Ripple to fill a key need in the market with our stablecoin! Dante Disparte / @ddisparte : Congrats @bgarlinghouse, @s_alderoty and @Ripple team - your move into dollar #Stablecoins, like PayPal's before it, underscores how U.S. regulatory clarity can create a growing market in the U.S. and an export product of digital dollars around the world. @vet_x0 : The XRP Ledger Automated Market Maker will become a lot more attractive with a Ripple USD Stablecoin. Especially accessibility for Stablecoins will be much better for users and devs is my assumption🍄 @panosmek : Now we are fucking talking. Super excited about this. This is not just great for the XRPL ecosystem and its AMM, but also the whole industry. I hope this is just the beginning and Ripple launches more fiat stablecoins such as EUR, GBP, JPY, and more. Yassin Mobarak / @dizer_ym : I would have loved to see Ripple lead in new innovations, rather than follow existing use cases in Defi, smart contracts, and now stablecoins. I realize it's easier said than done, but they used to be innovators back in the early years (2013-2016). The introduction of XRPL with... Sean McBride / @seanmcbride16 : “Ripple's stablecoin will be pegged 1:1 to the US dollar, and 100% backed by US dollar deposits, short-term US government treasuries, and other cash equivalents. (These reserve assets will be audited by a third-party accounting firm, and Ripple will publish monthly attestations.)... Anders / @x__anderson : Good to see Circle CEO congratulating Ripple. The timing makes sense for Ripple to launch a USD stablecoin. [image] Aakash Yadav / @aakaashyadav : 🚀 JUST IN: Ripple shakes the crypto world by launching its own US dollar stablecoin! A bold move aimed directly at market giants Tether and Circle. Get ready for a game-changer in how we transact and stabilize in the digital currency space. #Ripple #StablecoinRevolution... [image] @haider : Quick thoughts on Ripple's announcement 1/ makes sense if they want to be a remittance layer. XRP is a speculative asset and anything with extreme price volatility is not useable for cross boarder payments and remittance 2/ ripple has a network of supported banks and a... Moon Lambo / @moonlamboio : Ripple is launching their own stablecoin on the XRP Ledger and Ethereum!!! 😮😮😮 Forums: r/XRP : CNBC - “Ripple to launch U.S. dollar stablecoin, taking on a $150 billion market dominated by Tether, Circle” r/Ripple : Ripple to launch U.S. dollar stablecoin, taking on a $150 billion market dominated by Tether, Circle See also Mediagazer