WOW! Ripple XRP launches stablecoin on XRPL and ETH!
Read summaryRipple has announced the launch of a USD-backed stablecoin on the XRP Ledger and Ethereum, bridging the gap between traditional financial institutions and DeFi. The stablecoin will be fully backed by USD deposits, government bonds, and cash equivalents, providing transparency through monthly third-party audits. This move enhances cross-chain interoperability and is seen as bullish for Ethereum, despite its high gas fees. The sudden announcement has sparked speculation about Ripple's long-term plans, especially in light of their ongoing legal battle with the SEC. Investors are questioning the future of XRP, as the introduction of a stablecoin raises concerns about its utility. The news has left many puzzled, but it seems Ripple may have a strategic plan in place to navigate the changing landscape of digital assets. Stay tuned for more updates on this developing story. 🚀🌐💰
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