Why Ripple Issues a Stablecoin
Apr, 2024

Why Ripple Issues a Stablecoin

Ripple Labs was one of the first companies in the crypto world and has been established one of the top providers regarding blockchain development services.


The partnerships with many banking institutes have been the largest income source for the company while XRP, the token used for the public ledger, has become a steady flow of cash towards mother company.


The next step for the company is the launch of a stablecoin, based on US Dollar, that will be deployed in XRP and Ethereum networks.


The new initiative is expected to become the medium of financing new DeFi projects, bringing new users in the XRP tokens and liquidity back in the company.


At this moment, Tether is the largest stablecoin in the market, with entire amount of $100 billion in token circulation.


We wait to see how Ripple will perform in this market……..


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