Ripple to Launch Stablecoin Pegged to U.S. Dollar

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 1 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Cryptocurrency News

Ripple,Stablecoin,U.S. Dollar

Ripple announces its intention to enter the stablecoin market by launching a stablecoin backed by U.S. dollar deposits. The stablecoin aims to meet the demand for reliable and secure digital assets. Ripple's President highlights the importance of stablecoins in providing stability and accessibility to cryptocurrency markets.

Ripple , a provider of corporate crypto solutions, plans to launch a stablecoin pegged to the U.S. dollar. The stablecoin aims to meet the increasing demand for reliable and secure digital assets . Ripple 's President emphasized the importance of stablecoins in providing stability and accessibility to cryptocurrency markets .

Ripple Stablecoin U.S. Dollar Digital Assets Cryptocurrency Markets

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ripple to Launch Stablecoin Pegged to USDRipple announces plans to introduce a stablecoin pegged 1:1 to the US dollar, with monthly audits by a third-party accounting firm. The stablecoin will be initially available on the XRP Ledger and Ethereum blockchains.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Ripple Enters Stablecoin Market with U.S. Dollar StablecoinBlockchain firm Ripple is launching a U.S. dollar stablecoin, entering the $150 billion stablecoin market. The company plans to compete with Tether and Circle. Ripple will initially launch its stablecoin in the U.S. and may expand to other regions. In 2020, Ripple faced accusations from the U.S. SEC for violating securities laws.
Source: CNBC - 🏆 12. / 72 Read more »

Conflux aims for Q2 launch of HKD-pegged stablecoin with AnchorXConflux and AnchorX are conducting beta-testing of AxHKD, designed to maintain a 1:1 peg with the Hong Kong dollar.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Ripple to launch USD stablecoin that CTO David Schwartz hopes will rival USDT and USDCSeeking to capture some of the growing stablecoin market, Ripple is launching a competitor to Tether and Circle's stablecoins.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Ripple to launch US dollar stablecoin, aims to compete with USDT and USDCRipple expects the stablecoin market to surpass $2 trillion by 2028 and aims to compete with Circle’s USDC and Tether USDT.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Ripple to launch U.S. dollar stablecoin, taking on a $150 billion market dominated by Tether, CircleBlockchain firm Ripple said it’s launching a U.S. dollar stablecoin, marking an entry into the $150 billion stablecoin market.
Source: NBCLA - 🏆 319. / 59 Read more »