<p>The post <a href="https://coinpedia.org/news/ripple-explains-the-significance-of-its-stablecoin-launch/">Ripple Stablecoin Set to Disrupt Markets with USD-Backed Launch</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In a recent interview, Reece Merrick, Ripple’s Middle East and Africa Managing Director, shared his confidence in the company’s plans to launch a new stablecoin. He pointed to the success of existing USD-backed stablecoins like <a href="https://markets.coinpedia.org/tether/">USDT</a> and USDC as a positive sign for Ripple’s venture.</p> 
<p>Here’s all there is to know about this. </p> 
<h2 class="wp-block-heading" id="h-dubai-a-hub-for-innovation">Dubai: A Hub for Innovation</h2> 
<p>Merrick emphasized Dubai’s progressive regulatory environment, describing it as a key factor in Ripple’s decision to explore more opportunities in the region. He called Dubai’s regulations “forward-thinking” and said they create an ideal base for Ripple’s expansion in the Middle East and Africa.</p> 
<p><em>“Dubai offers a strong network and countless opportunities for Ripple to advance its mission,”</em> Merrick noted. Ripple has been active in the region for four years, focusing on fintech growth and increasing crypto and blockchain adoption.</p> 
<h2 class="wp-block-heading" id="h-the-growing-stablecoin-market">The Growing Stablecoin Market</h2> 
<p>Merrick highlighted that the stablecoin market, currently valued at $150 billion, is expected to reach $2.8-$3 trillion by 2028. He stressed the need for compliant and regulated businesses to enter this space, positioning Ripple’s proposed USD-backed stablecoin as a necessary addition.</p> 
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   <p lang="en" dir="ltr">Ripple's Reece Merrick on The <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw">#Ripple</a> Stable Coin. <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw">@Ripple</a> has spent 12 years building a crossborder offering. We have the infrastructure. The stable coin was the next evolution of that. <a href="https://t.co/bxE7eYIxW4">pic.twitter.com/bxE7eYIxW4</a></p>— 𝗕𝗮𝗻𝗸XRP (@BankXRP) <a href="https://twitter.com/BankXRP/status/1798789065376190612?ref_src=twsrc%5Etfw">June 6, 2024</a>
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<p>Ripple President Monica Long supported this view, stating that customer demand—especially from financial institutions seeking more efficient global payment solutions—has driven Ripple’s entry into the stablecoin market. Long emphasized Ripple’s ten-year history of being trusted, compliant, and secure, making it a strong candidate to introduce a reliable US dollar stablecoin.</p> 
<h2 class="wp-block-heading" id="h-xrp-spot-etfs-a-logical-step-forward"><strong>XRP-Spot ETFs: A Logical Step Forward</strong>?</h2> 
<p>Monica Long also discussed the potential for <a href="https://coinpedia.org/news/why-xrp-etf-approval-could-be-imminent/">XRP-spot ETFs</a>, saying, “It would make a lot of sense.” She pointed out that XRP and Bitcoin are the only cryptocurrencies with regulatory clarity in the US. She noted that XRP has consistently ranked among the top ten crypto assets by market cap and is within the top five in daily trading volume.</p> 
<h2 class="wp-block-heading" id="h-major-news-for-ripple"><strong>Major News for Ripple</strong></h2> 
<p>In another significant development, the Russian President announced the creation of an independent payment system and hinted at using Ripple-associated XRP for cross-border payments. This move could potentially lead to a significant increase in XRP’s value.</p> 
<p>Ripple’s proactive approach and strategic decisions show its commitment to staying at the forefront of fintech innovation.</p> 
<p>Also Read : <a href="https://coinpedia.org/news/will-these-altcoins-soon-break-all-time-highs-top-analyst-says-solana-will-hit-900/">Will These Altcoins Soon Break All-Time Highs? Top Analyst Says Solana Will Hit $900</a></p> 
<p><strong>Will Ripple’s stablecoin shake up the market? Let us know your predictions.</strong></p>

Ripple Stablecoin Set to Disrupt Markets with USD-Backed Launch

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