Stablecoin

<ul class="news-points"> 
 <li><strong>Ripple has disclosed its intention to launch a stablecoin pegged 1:1 to the USD on the XRP Ledger.</strong></li> 
 <li><strong>Ripple noted that projections suggest the stablecoin market would surge beyond $2.8 trillion by 2028.</strong></li> 
 <li><strong>XRP’s value surged by over 4% to above $0.6 following the announcement.</strong></li> 
</ul> 
<p>Renowned crypto platform Ripple has <a href="https://ripple.com/ripple-press/ripple-to-issue-usd-backed-stablecoin-bringing-more-utility-and-liquidity-to-xrp-ledger/" target="_blank" rel="nofollow">disclosed</a> its intention to launch a stablecoin pegged 1:1 to the USD on the XRP Ledger and Ethereum. The firm disclosed this move in a statement via its official X account in the last few hours.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">1/ The stablecoin market is booming – around $150B today, and projected to soar past $2.8T by 2028. There's a clear demand for trust, stability, and utility. <br><br>That's why later this year we’re launching a stablecoin pegged 1:1 to the USD on the XRP Ledger and Ethereum.…</p>— Ripple (@Ripple) <a href="https://twitter.com/Ripple/status/1775873224531665051?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">April 4, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The notification highlighted Ripple’s observation of the flourishing stablecoin market, currently valued at approximately $150 billion. Ripple noted that projections suggest the stablecoin market would surge beyond $2.8 trillion by 2028. To this end, Ripple announced its initiative to introduce a stablecoin pegged 1:1 to the USD.</p> 
<p>Furthermore, the compa…</p>
<p>The post <a href="https://coinedition.com/breaking-ripple-moves-to-launch-stablecoin-on-xrp-ledger-xrp-soars-4/">Breaking: Ripple Moves to Launch Stablecoin on XRP Ledger, XRP Soars 4%</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Breaking: Ripple Moves to Launch Stablecoin on XRP Ledger, XRP Soars 4%

Coin Edition

Other articles published on Apr 4, 2024

Pushd stage 6 wins over Bitcoin Cash, Dogecoin market movers

OVR (OVR) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Noctis Coin’s Quest to Revolutionize Meme Coins with a Gaming Twist

GSR Acquires Pioneering Crypto Market Maker License in Singapore

Koala Coin (KLC) ICO Offers Plush Path to Prosperity Over Litecoin (LTC) and Stacks (STX)

Ripple CLO Counters Gurbir Grewal Criticisms, Defends Crypto Industry’s Compliance

Join our free newsletter for daily crypto updates!