XRP, the native cryptocurrency of Ripple, has surged as the company’s CTO, David Schwartz, hints at a major development. Meanwhile, amid growing anticipation, Ripple’s stablecoin project is set to revolutionize the cryptocurrency landscape. Notably, with details unveiled at the recent XRP Las Vegas conference, investors and enthusiasts eagerly await the launch, slated for June.
Ripple To Launch Stablecoin In June
The anticipation over Ripple’s stablecoin launch was witnessed since early April when the company unveiled its plan to launch it. Notably, Ripple CEO Brad Garlinghouse revealed the company’s venture into the stablecoin realm, citing robust regulatory compliance, financial strength, and a global network as foundations.
Besides, the upcoming U.S. dollar stablecoin will be backed by a blend of U.S. dollar deposits, government bonds, and cash equivalents in a 1-to-1 ratio, ensuring stability and security for users, the Ripple CEO said in early April.
However, at th
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