The post Ripple Stablecoin, Not the End for XRP Says Top Crypto Experts appeared first on Coinpedia Fintech News
The news of Ripple’s upcoming launch a USD-backed stablecoin, has raised concerns about the future of XRP, the native cryptocurrency of the XRP Ledger. Meanwhile, some fear that the stablecoin could overshadow its role within the ecosystem. However, a prominent crypto researcher Krippenreiter has argued that XRP’s unique attributes and utility will remain intact despite the introduction of the stablecoin.
How Stabecloin Differs From XRP
Addressing these concerns, Krippenreiter explained that while stablecoins and XRP serve distinct purposes, they coexist within the crypto ecosystem. [1/] @Ripple announced today that they will introduce a new stablecoin pegged 1:1 to the US dollar.
Does this imply that XRP is doomed?
Let’s learn together to fully understand the bigger picture. pic.twitter.com/NjvkdYCPDK
— Krippenreiter (@krippenreiter) April 5, 20
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