A Ripple executive has urged the XRP community not to FOMO into the RLUSD stablecoin
This comes after Xamax, a popular XRP wallet, started showing XRP being priced at a whopping $1,200.
Schwartz has confirmed that someone is indeed willing to shell out such an exorbitant amount of money for a tiny fraction of a single token. He has explained that somebody probably wants the honor of purchasing the first bit of RLUSD. Schwartz has assured the community that the price of stablecoin will stabilize shortly after its launch."If it doesn't, something is very seriously wrong," he said.
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