Ripple to Launch a New USD-Pegged Stablecoin: What You Need to Know
Thursday, 4 April 2024, 15:26
Ripple to Launch a Stablecoin
Ripple, the company behind XRP Ledger, is entering the stablecoin market with a new USD-pegged token focused on security and stability.
Key Points:
- The stablecoin will be 100% backed by US dollar deposits and short-term treasuries.
- Ripple plans to launch the stablecoin later this year.
- Monthly audits by a reputable firm will ensure transparency and trust.
Ripple's entry signifies a potential shift in the stablecoin landscape, aiming to cater to enterprise and banking customers while facing competition from established stablecoins like USDT and USDC.
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